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Cairns owns 70 percent of the voting stock of Hamilton, Inc. The parent's interest was acquired several years ago on the date that the subsidiary was formed. Consequently, no goodwill or other allocation was recorded in connection with the acquisition. Cairns uses the equity method in its internal records to account for its investment in Hamilton. On January 1, 2017, Hamilton sold $2,500,000 in 10-year bonds to the public at 105. The bonds had a cash interest rate of 10 percent payable every December 31. Cairns acquired 30 percent of these bonds at 96 percent of face value on January 1, 2019. Both companies utilize the straight-line method of amortization. Prepare the consolidation worksheet entries to recognize the effects of the intra-entity bonds at each of the following dates. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a. December 31, 2019 b. December 31, 2020 c. December 31, 2021 No Date Accounts Debit Credit 1 December 31, 2019 Bonds payable 750,000 Premium on bonds payable Interest income 18,750 33,750 Investment in bonds 746,250 Interest expense 26,250 Gain on retirement of bonds 30,000 2 December 31, 2020 750,000 Bonds payable Premium on bonds payable 15.000 Interest income 33,750 Investment in bonds 746,250 Interest expense 26,250 Investment in Hamilton 26,250 3 December 31, 2021 Bonds payable 750,000 Premium on bonds payable 11,250 33,750 Interest income Investment in bonds Interest expense Investment in Hamilton 746,250 26,250 22,500