Hunter Corporation holds 80 percent of the voting shares of Moss Company. On January 1, 20X8, Moss purchased $100,000 par value 12 percent first mortgage bonds of Hunter from Cruse for $115,000. Hunter originally issued the bonds to Cruse on January 1, 20X6, for $110,000. The bonds have an 8-year maturity from the date of issue Moss' reported net income of $65,000 for 20X8, and Hunter reported income (excluding income from ownership of Moss's stock) of $90.000. Based on the information given above, what amount of interest expense does Hunter record annually? Based on the information given above, what amount of interest income does Moss record for 20X8? Based on the information given above, what gain or loss on the retirement of bonds should be reported in the 20X8 consolidated income statement? Based on the information given above, what amount of consolidated net income should be reported for 20X8? Dundee Company issued $1,000,000 par value 10-year bonds at 102 on January 1, 20X5, which Mega Corporation purchased. The coupon rate on the bonds is 9 percent. Interest payments are made semiannually on July 1 and January 1. On Jan 1, 20X8. Perth Company purchased $500,000 par value of the bonds from Mega for $492, 200 Perth owns 6: percent of Dundee's voting shares. What amount of gain or loss will be reported m Dundee's 20X8 income statement on the retirement of bonds? Will a gain or loss be reported in the 20X8 consolidated financial statements for Perth for the constructive retirement of bonds? What amount will be reported? How much will Perth's purchase of the bonds change consolidated net income for 20X8? Prepare the worksheet consolidating entry or entries needed to remove the effects of the intercorporate bond ownership in preparing consolidated financial statements at December 31, 20X8. Prepare the worksheet consolidating entry or entries needed to remove the effects of the intercorporate bond ownership in preparing consolidated financial statements at December 31, 20X9