Several years ago Brant, Inc., sold $$960,000$ in bonds to the public. Annual cash interest of $7$ percent $($$$67,200)$ 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 $$120,000$ of these bonds on the open market for $$141,000,$ a price based on an effective interest rate of $5$ percent.

The bond liability had a carrying amount on that date of $$820,000.$ 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.$)$

Answer is complete but not entirely correct.