Several years ago Brant, Inc., sold $800,000 in bonds to the public. Annual cash interest of 8 percent ($64.000) was to be paid on this debt. The bonds were issued at a discount to yield 10 percent. At the beginning of 2019. Zack Corporation (a wholly owned subsidiary of Brant) purchased $160,000 of these bonds on the open market for $181,000, a price based on an effective interest rate of 6 percent. The bond liability had a carrying amount on that date of $660,000. Assume Brant uses the equity method to account internally for its investment in Zack. a. & b. What consolidation entry would be required for these bonds on December 31, 2019 and December 31, 2021? (If no entry is required for a transaction/event, select "No journal entry required" In the first account field. Round your Intermediate calculations and final answers to nearest whole number.) view transaction list Consolidation Worksheet Entries 1 2 Prepare Consolidation Entry B to account for these bonds on December 31, 2019. Note Enter debits before credits Accounts Debit Credit Date December 31, 2010