I would like step by step instructions on how to solve these please. I found the answers on this site, but I need explanation and calculations.

Note: The following information relates to questions 36: Kruse Corporation holds 60 percent of the voting common shares of Garys Ice Cream Parlors. On January 1, 20X6, Garys purchased $50,000 par value, 10 percent first mortgage bonds of Kruse from Cane for $58,000. Kruse originally issued the bonds to Cane on January 1, 20X4, for $53,000. The bonds have a 10-year maturity from the date of issue and pay interest semiannually. Garys reported net income of $20,000 for 20X6, and Kruse reported income (excluding income from ownership of Garys stock) of $40,000. 3. What amount of interest expense does Kruse record for 20X6? a. $4,777. b. $4,767. c. $4,756. d. $4,805. 4. What amount of interest income does Garys Ice Cream Parlors record for 20X6? a. $4,233. b. $5,000. c. $4,145. d. $6,000.

5. What gain or loss on the retirement of bonds should be reported in the 20X6 consolidated income statement? a. $2,423 gain. b. $5,617 gain. c. $5,408 loss. d. $8,004 loss.

6.What amount of consolidated net income should be reported for 20X6? a. $47,253. b. $54,410. c. $55,126. d. $60,256.