At that time the unamortized balance of the bond discount was $1556. Use the straight-line method to amortize any discount/premium.

At that time the unamortized balance of the bond discount was $1556. Use the straight-line method to amortize any discount/premium. In 2004, the parent and subsidiary had net income of $32,600 & $9,860, respectively. A. b. c. d. What is the gain/loss on the retirement of the bonds? What will the subsidiary & the parent record on its books for the interest on these bonds? What is the worksheet entry to record the purchase of the bonds and the interest expense/income for 2004 (B)? What is the worksheets Income Distribution Schedule for 2004?