Parent A owns 85% of Sub B. On January 1 2015, Parent A issued 10 year notes, with face value $100,000,000 and discount of 2,000,000. The discount is amortized at a rate of $200,000 per year. The debt was issued to a third party who resold it to Sub B for $97,500,000 at the start of 2019. During 2019, Parent A reported interest expense of $4,890,000 associated with this debt, and Sub B reported interest income of $4,950,000 from this bond. How should this bond be reported on the consolidated financials? At year-end, the consolidated entity will recognize a (choose either gain or loss) of amount related to the constructive retirement of the debt. The consolidated income statement will show Interest income that will be choose either increased or decreased) by amount and interest expense will be choose either decreased or increased) by Parent A owns 85% of Sub B. On January 1 2015, Parent A issued 10 year notes, with face value $100,000,000 and discount of 2,000,000. The discount is amortized at a rate of $200,000 per year. The debt was issued to a third party who resold it to Sub B for $97,500,000 at the start of 2019. During 2019, Parent A reported interest expense of $4,890,000 associated with this debt, and Sub B reported interest income of $4,950,000 from this bond. How should this bond be reported on the consolidated financials? At year-end, the consolidated entity will recognize a (choose either gain or loss) of amount related to the constructive retirement of the debt. The consolidated income statement will show Interest income that will be choose either increased or decreased) by amount and interest expense will be choose either decreased or increased) by