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.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 datesQuestion $9$

Interest Expense appeared in the December $31,2011$ consolidated balance sheet of Pfadt

Corporation and Subsidiary in the amount of

$$48,000.$

$$36,000.$

$$3,000.$

$$38,250.$

None of above of January $1$ and July $1.$ Straight$-$line amortization is used.