Please help, I am stuck with this problem.

Nettle Corporation sold $160,000 par value, 10-year first mortgage bonds to Timberline Corporation on January 1, 20x5. The bonds, which bear a nominal interest rate of 8 percent, pay interest semiannually on January 1 and July 1. The entry to record interest income by Timberline Corporation on December 31 20X7, was as follows Note: Assume using straight-line amortization of bond discount or premium General Journal Debit 6,400 Credit Interest Receivable Interest Income Investment in Nettle Corporation Bonds 6,080 320 Timberline Corporation owns 65 percent of the voting stock of Nettle Corporation, and consolidated statements are prepared on December 31, 20X7