Cairns owns 70 percent of the voting stock of Hamilton, Inc. The parent's interest was acquired several years ago on the date that the subsidiary was formed Consequently, no goodwill or other allocation was recorded in connection with the acquisition Cairns uses the equity method in its internal records to account for its investment in Hamilton On January 1, 2017, Hamilton sold $1,300,000 in 10-year bonds to the public at 105. The bonds had a cash interest rate of 8 percent payable every December 31. Cairns acquired 40 percent of these bonds at 96 percent of face value on January 1, 2019. Both companies utilize the straight-line method of amortization Prepare the consolidation worksheet entries to recognize the effects of the intra-entity bonds at each of the following dates. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. December 31, 2019 b. December 31, 2020 c. December 31, 2021 Credit NO 1 Date Accounts December 31, 201 Bonds payable Premium on bonds payable Interest income Investment in bonds Debit 520,000 499,200 2,600 X Interest expense Gain on retirement of bonds 18,200 X 41,600 5 2 December 31, 202 Bonds payable Premium on bonds payable Interest income Investment in bonds Interest expense Investment in Hamilton Interest expense Gain on retirement of bonds 41,600 X 5 2 December 31, 202 Bonds payable Premium on bonds payable Interest income Investment in bonds Interest expense Investment in Hamilton 3 >> December 31, 202 Bonds payable Premium on bonds payable Interest income Investment in bonds Interest expense Investment in Hamilton