Penang Corporation owns an 80 percent interest in Minang Corporation. On October 1, 2016, Minang issued $100,000 par, 10 percent 3-year bonds with an unamortized discount of $20,000. On October 2, 2016, Penang purchased 50 percent of the outstanding bonds for $48,000. The bonds pay interest on April 1 and October 1, and are amortized using the straight-line method.