Consolidation Worksheet Entries Record the entry to eliminate the intercompany bond holdings. Note: Enter debits before credits. Consolidation Worksheet Entries Record the semiannual interest income received from the bonds of Pretzel Corporation. Note: Enter debits before credits. Consolidation Worksheet Entries Record the investment in Pretzel Corporation bonds by Stick Corporation. Note: Enter debits before credits. Pretzel Corporation owns 60 percent of Stick Corporation's voting shares. On January 1, 20X2, Pretzel Corporation sold $180,000 par value, 6 percent first mortgage bonds to Stick for $185,000. The bonds mature in 10 years and pay interest semiannually on January 1 and July 1. Required: a. Prepare the journal entries for 202 for Stick related to its ownership of Pretzel's bonds. b. Prepare the journal entries for 202 for Pretzel related to the bonds. c. Prepare the worksheet consolidation entries needed on December 31, 20X2, to remove the effects of the intercorporate ownership of bonds. Consolidation Worksheet Entries Record the interest payable and the amortization of bond premium. Note: Enter debits before credits. Consolidation Worksheet Entries Record the payment of interest and the amortization of the bond premium. Note: Enter debits before credits. Consolidation Worksheet Entries Record the entry to eliminate intercompany receivable or payable. Note: Enter debits before credits. Consolidation Worksheet Entries Record the semiannual interest receivable from the bonds of Pretzel Corporation. Note: Enter debits before credits. Consolidation Worksheet Entries Record the entry to eliminate the intercompany bond holdings. Note: Enter debits before credits. Consolidation Worksheet Entries Record the semiannual interest income received from the bonds of Pretzel Corporation. Note: Enter debits before credits. Consolidation Worksheet Entries Record the investment in Pretzel Corporation bonds by Stick Corporation. Note: Enter debits before credits. Pretzel Corporation owns 60 percent of Stick Corporation's voting shares. On January 1, 20X2, Pretzel Corporation sold $180,000 par value, 6 percent first mortgage bonds to Stick for $185,000. The bonds mature in 10 years and pay interest semiannually on January 1 and July 1. Required: a. Prepare the journal entries for 202 for Stick related to its ownership of Pretzel's bonds. b. Prepare the journal entries for 202 for Pretzel related to the bonds. c. Prepare the worksheet consolidation entries needed on December 31, 20X2, to remove the effects of the intercorporate ownership of bonds. Consolidation Worksheet Entries Record the interest payable and the amortization of bond premium. Note: Enter debits before credits. Consolidation Worksheet Entries Record the payment of interest and the amortization of the bond premium. Note: Enter debits before credits. Consolidation Worksheet Entries Record the entry to eliminate intercompany receivable or payable. Note: Enter debits before credits. Consolidation Worksheet Entries Record the semiannual interest receivable from the bonds of Pretzel Corporation. Note: Enter debits before credits