Fаrgus Cоrpоrаtiоn owned 51% of the voting common stock of Sаnatee, Incorporated. The parent's interest was acquired several years ago on the date that the subsidiary was formed. Consequently, no goodwill or other allocation was recorded in connection with the acquisition price. On January 1, 2023, Sanatee sold $1,400,000 in ten-year bonds to the public at 108. The bonds pay a 10% interest rate every December 31. Fargus acquired 40% of these bonds on January 1, 2025, for 95% of the face value. Both companies utilized the straight-line method of amortization.Required:1. Determine the gain (loss) on bond retirement on January 1, 2025. (11 pts.)2. Determine the interest income or revenue recorded by Fargus on December 31, 2025, related to the investment in Sanatee’s bonds (5 pts.)3. Determine the interest expense recorded by Senatee related to the bonds purchased by Fargus on December 31, 2025 (5 pts.)4. Determine the balance of investment in Sanatee bonds by Fargus on December 31, 2025 (5 pts.)PLEASE COPY THE QUESTIONS INTO YOUR RESPONSE TO FORMAT YOUR ANSWERS