Effect on consolidated net income of acquisition of affiliate's debt from non-affiliate

A Parent Company owns 100 percent of its Subsidiary. During 2021, the Parent company reports net income (by itself, without any investment income from its Subsidiary) of $810,000 and the subsidiary reports net income of $324,000. The parent had a bond payable outstanding on January 1, 2021, with a carrying value equal to $680,400. The Subsidiary acquired the bond on January 1, 2021, for $639,900 During 2021, the Parent reported interest expense (related to the bond) of $56,700 while the Subsidiary reported interest income (related to the bond) of $51,840. What is consolidated net income for the year ended December 31, 2021?

Answer is $1,179,360 but please show the work.