Cairns owns 70 percent of the voting stock of Hamilton, Incorporated. The parent's interest was acquired several years ago on t date that the subsidiary was formed. Consequently, no goodwill or other allocation was recorded in connection with the acquisiti Cairns uses the equity method in its internal records to account for its investment in Hamilton. On January 1, 2020, Hamilton sold $1,100,000 in 10-year bonds to the public at 110. The bonds had a cash interest rate of 8 perce payable every December 31. Cairns acquired 45 percent of these bonds at 92 percent of face value on January 1, 2022. Both companies utilize the straight-line method of amortization. Required: Prepare the consolidation worksheet entries to recognize the effects of the intra-entity bonds at each of the following dates. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. a. December 31, 2022 b. December 31, 2023 c. December 31, 2024 view transaction list transaction list No Date 1 December 31, 2022 Bonds payable Premium on bonds payable Interest income Investment in bonds Interest expense Accounts Debit Credit 495,000 34,650 44,550 460,350 34,650 X