Assume that a Parent company owns $80$ percent of its Subsidiary. On January $1,2022,$ the Parent company had a $\backslash (\backslash$$ $160,000\backslash )($face$)8$ percent bond payable outstanding with a carrying value of $\backslash (\backslash$$ $152,960\backslash ).$ Several years ago, the bond was originally issued to an unaffiliated company for $92$ percent of par value. On January $1,2022,$ the Subsidiary acquired the bond for $\backslash (\backslash$$ $146,400\backslash ).$ expense. The Subsidiary reported $\backslash (\backslash$$ $176,000\backslash )$ of $($pre$-$consolidation$)$ income from its own operations after recording interest income. Related to the bond during $2022,$ the parent reported interest expense of $\backslash (\backslash$$ $13,760\backslash )$ while the subsidiary reported interest income of $\backslash (\backslash$$ $14,400\backslash ).$

Determine the following amounts that will appear in the $2022$ consolidated income statement:

Note: Use a negative sign with your answer to indicate a loss on constructive retirement of bond payable, if applicable.