3. Several years ago, Big co sold $180,000 on bonds to the public. Annual cash interest of 9 percent was to be paid on this debt. The bonds were issued at a discount to yield 12 percent. At the beginning of 2015, Short Co, (a wholly owned subsidiary of Big) purchased these bonds on the open market for $201,000 a price based on an effective interest rate of 7 percent. The bond liability had a bood value on that date of $152,000. Big co uses the equity method in its internal records to account for its investment in Short co. a. Prepare the consolidated worksheet entries to recognize the effects of the intra- entity bond at Dec 31, 2015. 3. Several years ago, Big co sold $180,000 on bonds to the public. Annual cash interest of 9 percent was to be paid on this debt. The bonds were issued at a discount to yield 12 percent. At the beginning of 2015, Short Co, (a wholly owned subsidiary of Big) purchased these bonds on the open market for $201,000 a price based on an effective interest rate of 7 percent. The bond liability had a bood value on that date of $152,000. Big co uses the equity method in its internal records to account for its investment in Short co. a. Prepare the consolidated worksheet entries to recognize the effects of the intra- entity bond at Dec 31, 2015