need someone to solve the highlightedpart.

please check the details from the below attachment.

it's already done but few are not right and that need to fix

Able Company issued $720,000 of 10 percent first mortgage bonds on January 1, 20X1, at 103. The bonds mature in 20 years and pay interest semiannually on January 1 and July 1. Prime Corporation purchased $480,000 of Able's bonds from the original purchaser on December 31, 20X5, for $473,000. Prime owns 60 percent of Able'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. Round your market rate of interest to 3 decimals. For example, .0547523 should be rounded to 5.475%.) 1. Record the entry to eliminate the effects of the intercompany ownership in Able bonds for 20X5. 2. Record the entry to eliminate the effects of the intercompany ownership in Able bonds for 20X5. b. Prepare the worksheet consolidation entry or entries 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. Round your market rate of interest to 3 decimals. For example, .0547523 should be rounded to 5.475%.) 1. Record the entry to eliminate the effects of the intercompany ownership in Able bonds for 20X6. 2. Record the entry to eliminate the intercompany interest receivables/payables for 20X6. Solution: a. Event Account title Bonds Payable Premium on Bonds Payable Investment in A Company bonds Gain on Bond Retirement Interest Payable Interest Receivable Debit $ 480,000 10,800 Credit $ 473,000 17,800 24,000 24,000 [(480,000 x 1.03) - 480,000] x 15/20 = $10,800 10,800 + 480,000 - 473,000 = $17,800 480,000 x 10% x = $24,000 b. Event Account title Bonds Payable Premium on Bonds Payable interest income Investment in Able Company bonds Debit $ 480,000 10,080 48,320 Credit $ 473,200 Interest Expense Investment in Able Co NCI in NA of Able Co. Interest Payable Interest Receivable 10,800 - [10,800 / (15 x 2)] x 2 = $10,080 473,000 + ($100 x 2 = 473,200 48,000 - (300 x 2) = 47,400 17,800 x 0.60 = 10,680 17,800 x 0.40 = 7,120 480,000 x 10% x = $24,000 47,400 10,680 7,120 24,000 24,000