Proctor Corporation purchased bonds of its subsidiary from a nonaffiliate during 20X6. Although Proctor purchased the bonds at par value, a loss on bond retirement is reported in the 20X6 consolidated income statement as a result the purchase. Required: a. Were the bonds originally sold by the subsidiary at a premium or a discount? b. Will the annual interest payments Proctor receives be more or less than the interest expense the subsidiary records each period? c. As a result of the entry recorded at December 31, 20X7, to eliminate the effects of the intercompany bond holding, will consolidated net income be increased or decreased? Complete this question by entering your answers in the tabs below. Required A Required B Required C Were the bonds originally sold by the subsidiary at a premium or a discount? Were the bonds originally sold by the subsidiary at a premium or a discount? Required A Required B