Cairns owns 70 percent of the voting stock of Hamilton, Inc. The parent's interest was acquired several years ago on the date that the subsidiary was formed. Consequently, no goodvwill or other allocation was recorded in connection with the acquisition. Cairns uses the equity method in its internal records to account for its investment in Hamilton. On January 1. 2017, Hamilton sold $1.600,000 in 10-year bonds to the public at 105. The bonds had a cash interest rate of 9 percent payable every December 31. Cairns acquired 40 percent of these bonds at 96 percent of face value on January 1, 2019. Both companies utilize the straight-line method of amortization. Prepare the consolidation worksheet entries to recognize the effects of the intra-entity bonds at each of the following dates. (if no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. December 31, 2019 b. December 31, 2020 c. December 31, 2021 Answer is complete but not entirely correct. No Date Accounts Debit Credit December 31, 201Bonds payable 640,000 Premium on bonds payable 25,600 Interest income 59,600 Investment in bonds 616,000 Interest expense 55,600 Gain on retirement of bonds 53,600 December 31, 20Z Bonds payable 640,000 Premium on bonds payable 23,600 Interest income 59,600 Investment in bonds 616,400 55,600 51,200 O Interest expense Investment in Hamilton 3 December 31, 202 Bonds payable 640,000 Premium on bonds payable 21,600 O Interest income 59,600 Investment in bonds 618,400 O Interest expense 55,600 Investment in Hamilton 47 200