Police Corporation purchased $70$ percent of Station Company's voting shares on January $1,204,$ at underlying book value. On that date it also purchased $$107,000$ par value $12$ percent Station bonds, which had been issued on January $1,201,$ with a $10-$year maturity.

During preparation of the consolidated financial statements for December $31,204,$ the following consolidation entry was made in the worksheet:

$\backslash$table$[[$Consolidation Worksheet Entries,Debit,Credit$],[$Bonds Payable,$107,000,],[$Bond Premium,$9,600,],[$Loss on Bond Retirement,$2,500,],[$Interest Income,?,$119,600],[$Investment in Station Company Bonds,,$]]$

Required:

a$.$ What price did Police pay to purchase the Station bonds?

b$.$ What was the carrying amount of the bonds on Station's books on the date of purchase?

c$.$ If Station reports net income of $$37,000$ in $205,$ what amount of income should be assigned to the noncontrolling interest in the $205$ consolidated income statement?

Complete this question by entering your answers in the tabs below.

Required A

Required B

Required C