9. On January 1, 20X8, Parent Company purchased 80% of the common stock of Subsidiary Company for $360,000. On this date, Subsidiary had common stock, other paid in capital, and retained earnings of $20,000,$130,000, and $200,000, respectively. Any excess of cost over book value is due to goodwill. Parent accounts for the Investment in Subsidiary using cost method. On January 1, 20X8, Subsidiary sold $100,000 par value of 5%, ten-year bonds for $97,000. The bonds pay interest semi-annually on January 1 and July 1 of each year. On January 1, 20X9. Parent repurchased all of Subsidiary's bonds for $95,500. The bonds are still held on December 31. 20X9. Both companies have correctly recorded all entries relative to bonds and interest, using straight-line amortization for premium or discount. Required: (1) Find interest expense for the bonds reported by Subsidiary during 20X9 ( 5 points) (2) Find interest revenue for the Investment in bonds reported by Parent during 20X9 (5 points) (3) How much gains/losses do the consolidated statement report during 20X9 ? (5 points) (4) Calculate NCI in the subsidiary's income distribution schedule for the year ended of December 31,20X9 where subsidiary's original net incomes is $70,900. Round all computations to the nearest dollar ( 5 points).