Company purchased $200,000 par value of the bonds from Mega for $192,200. Parent owns 70 percent of Sibling's voting shares. Note: Assume using straight-line amortization of bond discount or premium. Required: a. What amount of gain or loss will be reported in Sibling's 20X6 income statement on the retirement of bonds? b. Will a gain or loss be reported in the 20X6 consolidated financial statements for Parent for the constructive retirement of bonds? What amount will be reported? c. How much will Parent's purchase of the bonds change consolidated net income for 20X6? d. Prepare the worksheet consolidation entry or entries needed to remove the effects of the intercorporate bond ownership in preparing consolidated financial statements at December 31, 20x6. e. Prepare the worksheet consolidation entry or entries needed to remove the effects of the intercorporate bond ownership in preparing consolidated financial statements at December 31, 20x7 1. If Sibling reports net income of $50,000 for 20X7, what amount of income will be assigned to the noncontrolling interest in the consolidated income statement? Complete this question by entering your answers in the tabs below. Required A Required B What amount of gain or loss Note: Leave no celis blank Required C Required D Required E Required F will be reported in Sibling's 20x6 income statement on the retirement of bonds? be certain to enter "0" wherever required. Loss