Can someone help me with these consolidation entries and perhaps explain how they got their answers if possible. Thanks

E8-7 Constructive Retirement at End of Year (Effective Interest Method) LO 8-2 Suspect Company issued $1,200,000 of 9 percent first mortgage bonds on January 1, 20X1, at 102. The bonds mature in 20 years and pay interest semiannually on January 1 and July 1. Prime Corporation purchased $800,000 of Suspect's bonds from the original purchaser on December 31, 20X5, for $796,000. Prime owns 60 percent of Suspect's voting common stock. Required: a. Prepare the worksheet consolidation entry or entries needed to remove the effects of the intercorporate bond ownership in preparing consolidated financial statements for 20X5. (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.) view transaction list transaction list Credit No Event A1 Debit 800,000 Accounts Bonds payable Premium on bonds payable Investment in Suspect Company bonds Gain on bond retirement 36,000 Interest payable Interest receivable 36,000 b. Prepare the worksheet consolidation entry or entries needed to remove the effects of the intercorpo ntries needed to remove the effects of the intercorporate bond ownership in preparing consolidated financial statements for 20X6. (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. view transaction list transaction list No Event Credit Debit 800,000 A Accounts Bonds payable Premium on bonds payable Interest income Investment in Suspect Company bonds B 2 36,000 Interest payable Interest receivable 36,000