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.

5) Prepare a journal entry that Choco will record for bond interest income on 12/31/2020.

6) Prepare consolidation entry B on 12/31/2020?

7) Prepare a journal entry that Allie will record for bond interest expense on 12/31/2021.

8) Prepare a journal entry that Choco will record for bond interest income on 12/31/2021.

9) Prepare consolidation entry B on 12/31/2021?