Note: Assume using straight-line amortization of bond discount or premium. General Journal Debit Credit Interest Receivable 12,000 Interest Income 11, 400 Investment in Stallion Corporation Bonds GOO Pony Corporation owns 65 percent of the voting stock of Stallion Corporation, and consolidated statements ar prepared on December 31, 20X7. Required: a. What was the original purchase price of the bonds to Pony Corporation? X Answer is not complete. Original purchase price b. What is the balance In Pony's bond investment account on December 31, 20X7? * Answer is not complete. Bond investment account :. Prepare the worksheet elimination entry or entries needed to remove the effects of the Intercompany owner bonds in preparing consolidated financial statements for 20X7. (If no entry is required for a transaction/event "No journal entry required" in the first account field.} * Answer is not complete. No Event Accounts Debit Credit A 200,000 Bond premium Interest income Investment in Stallion Corporation bonds Interest expense B 2 Interest payable 12,000 Interest receivable 12,000