Longhorn issues 500,000 of 4%, 10 year bonds on 1/1/2008 when the market rate was 5%. Dell owns 80% of Longhorn, and on 1/1/2010, purchased 100,000 of the bonds when the market rate was 3%. Required: 1. Price the Longhorn bonds 2. Calculate the gain or loss on the Dell purchase of the bonds (i.e you must price the bonds when Dell purchases) 3. Make consolidating entry *B at 12/31/2011.