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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

image text in transcribed 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. What is the Interest Expense appearing in the December 31, 2011 consolidated balance sheet of Pfadt Corporation and Subsidiary, Gain or loss with respect to the bond purchase shown in the consolidated income statement of Pfadt Corporation and Subsidiary for 2011, Bond Interest Receivable for 2011 of Pfadt's bonds on Senat's books, Bonds Payable amount appearing in the December 31, 2011 consolidated balance sheet of Pfadt Corporation and Subsidiary

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