Consolidated amounts when affiliate$$s debt is acquired from non$-$affiliate

Assume that a Parent company owns $100$ percent of its Subsidiary. On January $1,2019,$ the Parent company had $$480,000$ of bonds payable $($par$)$ outstanding with a carrying value of $$504,000.$ The bonds were originally issued to an unaffiliated company. On that same date, the Subsidiary acquired the bonds for $$475,200.$ During $2019,$ the Parent company reported $$216,000$ of $($pre$-$consolidation$)$ income from its own operations $($i$.$e$.,$ prior to any equity method adjustments by the Parent company$)$ and after recording interest expense. The Subsidiary reported $$120,000$ of $($pre$-$consolidation$)$ income from its own operations after recording interest income. Related to the bonds during $2019,$ the parent reported interest expense of $$54,000$ while the subsidiary reported interest income of $$49,200.$ Determine the following amounts that will appear in the $2019$ consolidated income statement:

Note: If no amount will appear on the consolidated income statement, enter zero. If item c$.$ is a loss, use a negative sign with your answer.

Amount

a$.$ Interest income from bond investment Answer

b$.$ Interest expense on bond payable Answer

c$.$ Gain $($loss$)$ on constructive retirement of bond payable Answer

d$.$ Consolidated net income Answer