I POSTED THIS QUESTION MULTIPLE TIMES. PEOPLE KEEP GIVING WRONG ANSWERS. PLZ SOMEONE WHO KNOWS WHAT THERE DOING RESPOND!!!!

must show work for all questions (either calculation with detailed explanation or bond premium/discount amortization schedule with calculation)

On 1/1/2019, Allie Company issued bonds payable of $500,000 at 8%. It was sold at $464,000 with effective interest rate of 9%. On 1/1/2020, Choco purchased all of Allie's bond for $532,000 cash with effective interest at 7% and Allie's bonds payable has been effectively retired. 1) What is Allies' book value of $500,000 bonds payable on 1/1/2020? 2) Prepare a journal entry that Choco will record on 1/1/2020 regarding purchase of Allie's bond.

3) Compute the consolidated gain or loss on a consolidated income statement for at the end of 2020. 4) Prepare a journal entry that Allie will record for bond interest expense on 12/31/2020.