I need help in this question. Please do it correctly and 100%, i am stuck on this.\

6 Plug Corporation purchased $100.000 par value bonds of its subsidiary. Spark Company. on December 31, 20X5, from Lemon Corporation for $102,800. The 10-year bonds bear a 9 percent coupon rate, and Spark originally sold them on January 1, 20X3, to Lemon at 95. Interest is paid annually on December 31. Plug owns 85 percent of the stock of Spark 5 points In preparing the consolidation worksheet at December 31, 20X6. Plug's controller made the following entry to eliminate the effects of the intercorporate bond ownership: Credit eBook Consolidation Worksheet Entries Bonds Payable Interest Income Retained Earnings, January 1 Noncontrolling Interest Investment in Spark Company Bonds Discount on Bonds Payable Interest Expense Debit 100, eee 8,691 5,741 1,013 Print 102, 491 3,535 9,419 References Required: With the information given, answer the following questions: a. Prepare the journal entry made by Plug in 20X6 to record its interest income on the Spark bonds that it holds. (If no entry Is required for a transaction/event, select "No journal entry required" In the first account fleld. Do not round your Intermediate calculations. Round your final answers to nearest whole dollar.) View transaction list Journal entry worksheet References Record the entry for interest income. Note: Enter debits before credits Event General Journal Debit Credit 1 Record entry Clear entry View general journal 6 b. Prepare the consolidation entry to remove the effects of the intercorporate bond ownership in completing a three-part consolidation worksheet at December 31, 20X5. (If no entry is required for a transaction/event, select "No journal entry required" In the first account fleld. Do not round your Intermediate calculations. Round your final answers to nearest whole dollar.) 5 points view transaction list Consolidation Worksheet Entries eBook