Saturn Corporation issued $300,000 par value 10-year bonds at 107 on January 1, 20X3, which Star Corporation purchased. On July 1, 20X7, Pluto Corporation purchased $120,000 face value of Saturn bonds from Star. The bonds pay 12 percent interest annually on December 31. The preparation of consolidated financial statements for Saturn and Pluto at December 31, 20X9, required the following consolidation entry: Bonds Payable Premium on Bonds Payable Interest Income Investment in Saturn Corporation Bonds - Interest Expense Investment in Saturn Corporation Stock NCI in NA of Saturn Corp. 120,000 2,520 14,760 118,920 13,560 3,120 1,680 Based on the information given above, what percentage of the subsidiary's ownership does the parent company hold? Multiple Choice 75 percent 65 percent 80 percent 95 percent