I need help with the consolidation entries with bonds

ACCTG 450 - P6-63 halsey Consolidation Entries Dr Parent Subsidiary Cr Consolidated Income Statement Sales Cost of Goods Sold Gross Profit Income (loss) from Subsidiary Operating & other expenses Bond interest income Bond interest expense Net Income Income attributable to NCI Income attributable to Controlling Int 2,800,000 (1,500,000) 1,300,000 65,900 (1,100,000) 900,000 (530,000) 370,000 (298,000) 35,000 3,700,000 (2,030,000) 1,670,000 65,900 (1,398,000) 35,000 (26,000) 346,900 (26,000) 239,900 107,000 346,900 Retained Earnings Statement Beg. Ret. Earn. - Parent Net Income Dividends Declared Ending Retained Earnings 1,777,100 239,900 (150,000) 1,867,000 433,000 107,000 (50,000) 490,000 2,210,100 346,900 (200,000) 2,357,000 Balance Sheet Cash Accounts receivable Inventories Property, Plant & Equipment, net Investment in Subsidiary 800,000 900,000 1,000,000 2,240,000 585,000 300,000 400,000 500,000 900,000 1,100,000 1,300,000 1,500,000 3,140,000 585,000 Investment in Bond (net) Total Assets 490,000 2,590,000 490,000 8,115,000 5,525,000 480,000 500,000 Accounts Payable Other current liabilities Bond Payable (net) Other long-term liabilites Common Stock APIC Retained Earnings Noncontrolling Interest 600,000 800,000 508,000 800,000 450,000 500,000 1,867,000 800,000 150,000 170,000 490,000 1,080,000 1,300,000 508,000 1,600,000 600,000 670,000 2,357,000 0 Total Liabilities and Equity 5,525,000 2,590,000 O 0 8,115,000 63. Consolidation worksheet for gain on constructive retirement of parent's debt with no AAP-Equity method Assume that a Parent company acquires a 70 percent interest in its Subsidiary on January 1, 2015. On the date of acquisition, the fair value of the 70 percent controlling interest was $364,000 and the fair value of the 30 percent noncontrolling interest was $156,000. On January 1, 2015, the book value of net assets equaled $520,000 and the fair value of the identifiable net assets equaled the book value of identifiable net assets (i.e., there was no AAP or Goodwill). On December 31, 2016, the Parent company issued $500,000 (face) 6 percent, five-year bonds to an unaffiliated company for $520,000. The bonds pay interest annually on December 31, and the bond premium is amortized using the straight-line method. This results in annual bond-payable pre- mium amortization equal to $4,000 per year. On December 31, 2018, the Subsidiary paid $485,000 to purchase all of the outstanding Parent company bonds. The bond discount is amortized using the straight-line method, which results in an- nual bond-investment discount amortization equal to $5,000 per year. The Parent and the Subsidiary report the following financial statements for the year ended De- cember 31, 2019: Parent Subsidiary Parent Subsidiary Income statement: Sales... Cost of goods sold Gross profit Operating & other expenses. Bond interest income Bond interest expense. Income from subsidiary Net income. S2,800,000 (1,500,000) 1,300,000 (1.100.000) $900,000 (530,000) 370,000 (298,000) 35,000 Balance sheet: Cash. Accounts receivable Inventories Property, plant and equipment, net.. Equity investment. Investment in bond (net). Total assets. $ 800,000 900,000 1,000,000 2.240,000 585,000 $ 300,000 400,000 500,000 900,000 490,000 $2,590,000 (26.000) 65,900 $ 239,900 $5,525,000 $107,000 $ 480,000 500,000 Retained earnings statement: Beginning retained earnings. Net income Dividends Ending retained earings $1,777,100 239,900 (150.000) $1,867,000 $433,000 107,000 (50,000) S490,000 Accounts payable Other current liabilities. Bond payable (net). Other long-term liabilities Common stock APIC. Retained earnings Total liabilities and equity $ 600,000 800,000 508,000 800,000 450,000 500,000 1,867,000 $5,525,000 800,000 150,000 170,000 490,000 $2,590,000 The parent uses the equity method of pre-consolidation investment bookkeeping. Provide the con- solidation entries and prepare a consolidation worksheet for the year ended December 31, 2019