On January

$1$

$,$

$2022$

$,$

$$Parent issued $

$100$

$,$

$000$

$$par value of

$11$

$\%$

$,$

$10$

$-$

year bonds for $

$106$

$,$

$232$

$$which resulted in an effective interest rate of

$10$

$\%$

$.$

$$The bonds pay interest semi

$-$

annually every June

$30$

th and December

$31$

st

$.$

$$Parent uses the effective

$-$

interest rate method of amortization of any premium or discount. An amortization table for

$2022$

$$and

$2023$

:

Date Carrying Value Cash Paid Expense Premium Amortized Premium Balance Carrying Value

$1/1/22$

$$ $

$106$

$,$

$232$

$6/30/22$

$$ $

$5$

$,$

$500$

$$ $

$5$

$,$

$312$

$$$

$188$

$$ $

$6$

$,$

$044$

$$ $

$106$

$,$

$044$

$$

$12/31/22$

$$$

$106$

$,$

$044$

$$$

$5$

$,$

$500$

$$ $

$5$

$,$

$302$

$$$

$198$

$$ $

$5$

$,$

$846$

$$ $

$105$

$,$

$846$

$6/30/23$

$$ $

$105$

$,$

$846$

$$$

$5$

$,$

$500$

$$ $

$5$

$,$

$292$

$$$

$208$

$$ $

$5$

$,$

$638$

$$ $

$105$

$,$

$638$

$12/31/23$

$$$

$105$

$,$

$638$

$$$

$5$

$,$

$500$

$$ $

$5$

$,$

$282$

$$$

$218$

$$ $

$5$

$,$

$420$

$$ $

$105$

$,$

$420$

$$

On December

$31$

$,$

$2022$

$,$

$$Subsidiary purchases half

$($

$

$50$

$,$

$000)$

$$of the bonds paying par value. At the end of

$2023$

$,$

$$the Subsidiary still holds the bonds it purchased.

$6)$

$$Make all of the entries pertaining to intercompany bonds and interest