Apple Corporation holds 60 percent of Shortway Publishing Companys voting shares. Apple issued $590,000 of 12 percent bonds with a 10-year maturity on January 1, 20X2, at 92. On January 1, 20X8, Shortway purchased $118,000 of the Apple bonds for $124,000. Partial trial balances for the two companies on December 31, 20X8, are as follows:

Note: Assume using straight-line amortization of bond discount or premium.

	Apple Corporation			Shortway Publishing Company
Investment in Shortway Publishing Company Stock	$	134,000
Investment in Apple Corporation Bonds				$	124,000
Bonds Payable		590,000
Discount on Bonds Payable		18,000
Interest Expense		61,000
Interest Income					8,100
Interest Payable		20,000
Interest Receivable					7,080

Required:

Prepare the worksheet consolidation entry or entries needed on December 31, 20X8, to remove the effects of the intercorporate bond ownership in preparing consolidated financial statements. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)