Business, 23.03.2020 21:35, iamaguest

Given- Lamar Corporation owns 60 percent of Humbolt Corporation’s voting shares. On January 1, 20X2, Lamar Corporation sold $170,000 par value, 10 percent first mortgage bonds to Humbolt for $177,000. The bonds mature in 10 years and pay interest semiannually on January 1 and July 1. I am trying to find the breakdown for interest income and investment in Lamar corporation bonds. I know that the two should total 8,500.

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Given- Lamar Corporation owns 60 percent of Humbolt Corporation’s voting shares. On January 1, 20X2,...