Credit General Journal Interest Receivable Debit 12,000 Interest Income 11,400 600 Investment in Stallion Corporation Bonds Pony Corporation owns 65 percent of the voting stock of Stallion Corporation and consolidated statements are prepared on December 31, 20X7. Required: a) What was the original purchase price of the bonds to Parry Corporation? b) What is the balance in pony's bond investment account on December 31, 20X7? c) Prepare the worksheet elimination entry or entries needed to remove the effects of the Intercompany owner, bonds in preparing consolidated financial statements for 20X7. Credit General Journal Interest Receivable Debit 12,000 Interest Income 11,400 600 Investment in Stallion Corporation Bonds Pony Corporation owns 65 percent of the voting stock of Stallion Corporation and consolidated statements are prepared on December 31, 20X7. Required: a) What was the original purchase price of the bonds to Parry Corporation? b) What is the balance in pony's bond investment account on December 31, 20X7? c) Prepare the worksheet elimination entry or entries needed to remove the effects of the Intercompany owner, bonds in preparing consolidated financial statements for 20X7