Pfadt Inc had $$600,000$ par of $8\%$ bonds payable outstanding on January $1,2011$ due January $1,2015$ with an unamortized discount of $$12,000.$ Senat is a $90\%-$owned subsidiary of Pfadt. On January $2,2011,$ Senat Corporation purchased $$150,000$ par value of Pfadt's outstanding bonds for $$152,000.$ The bonds have interest payment dates of January $1$ and July $1.$ Straight line amortization is used.