several years ago brant, Inc. sold $850,000 in bonds to the public. Annual cash interest of 9%($76,500) was to be paid on this debt. The binds were issued at a discount to yield 12 percent. at the beginning of 2016, Zach corporation( a wholly owned subsidiary of brant) purchased $170,000 of these bonds on the open market for $ 191,000 a price based on an effective interest rate of 7 percent. the bod liability had a carrying amount on that date of $170,000. assume brant uses the equity method to account internally for its investment in Zack. a.prepare entry b to teliminate the intra entity debt holdings and to recognize the loss on retirement b prepare entry b* eliminate the intra entity bond holdings and to adjust investment in Zack for the unrecognized loss on retirement