Farmer Corporation owned $65\%$ of the voting common stock of Suffield, 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 price.

On January $1,2017,$ Suffield sold $$1,500,000$ in ten$-$year bonds to the public at $110.$ The bonds pay a $10\%$ interest rate every December $31.$ Famer acquired $50\%$ of these bonds on January $1,2019,$ for $94\%$ of the face value. Both companies utilized the straight$-$line method of amortization.