Suspect Company Issued $$720,000$ of $8$ percent first mortgage bonds on January $1,201,$ at $105.$ The bonds mature in $20$ years and

pay Interest semlannually on January $1$ and July $1.$ Prime Corporation purchased $$480,000$ of Suspect's bonds from the original

purchaser on January $1,20$X$5,$ for $$473,000.$ Prime owns $60$ percent of Suspect's voting common stock.

Requlred:

a$.$ Prepare the worksheet consolidation entry or entrles needed to remove the effects of the intercorporate bond ownership in

preparing consolidated financlal statements for $205.$

b$.$ Prepare the worksheet consolidation entry or entrles needed to remove the effects of the intercorporate bond ownership in

preparing consolidated financlal statements for $206.$

I need help with both parts $($Required A &B$).$ Thank you!

Complete this question by entering your answers in the tabs below.

Prepare the worksheet consolidation entry or entries needed to remove the effects of the intercorporate bond ownership in

preparing consolidated financial statements for $205.$

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Do not round

your intermediate calculations. Round your final answers to nearest whole dollar.