of the voting stock of Hamilton, Inc. The parent's interest was acquired several years ago on the date that the formed. Consequently, no goodwill or other allocation was recorded in connection with the acquisition. Cairns uses the subsidiary was f equity method in its internal records to account for its Investment in Hamilton sold $1,300,000 in 10-year bonds to the public at 105. The bonds had a cash interest rate of 8 percent On January 1,2014, Hamiltion s payable every companies ublize the straight-line method of amortization Prepare the consolidation worksheet entries to recognize the effects of the intra-entity bonds at each of the following dates entry is required for a transaction/event, select "No journal entry required" in the first account field.) (If no a. December 31, 2016 b. December 31, 2017 c December 31, 2018 ww transaction ist Consolidation Worksheet Entries Prepare Entry to eliminate accounts stemming from intra entity bonds and to recognize the gain on the efective retirement of this debt Note: Enter delsts before oredits C Prev 10 of 10 Neod e 9 Cairms owns 70 percent of the voting stock of Hamilton, Inc. The parent's interest was acquired several years ago on the date that the subsidiary was formed. Consequently, no goodwll or other allocation was recorded in connection with the acquisition. Calrns uses the equity method in its internal records to account for its investment in Hamilton On January 1, 2014, Hamilton sold $1.300,000 in 10-year bonds to the public at 105. The bonds had a cash interest rate of 8 percent payable every December 31. Cairns acquired 40 percent of these bonds at 96 percent of face value on January 1, 2016. Both companies utblize the straight-line method of amortization. Prepare the consolidation worksheet entries to recognize the effects of the intra-entity bonds at each of the following dates. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) a December 31, 2016 b. December 31, 2017 c. December 31, 2018 Consolidation Worksheet Entries Prepare Entry "8 individual records of both companies the intra entity bond accounts that remain on the a e 9 Cairns owns 70 percent of the voting stock of Hamilton, Inc. The parent's interest was acquired several years ago on the date that the subsidiary was formed. Consequently, no goodwill or other allocation was recorded in connection with the acquisition. Cairms uses the equity method in its internal records to account for its investment in Hamilton. On January 1, 2014, Hamiton sold $1,300,000 in 10-year bonds to the public at 105. The bonds had a cash interest rate of 8 percent payable every December 31 Cairms acquired 40 percent of these bonds at 96 percent of face value on January 1, 2016. Both companies utlize the straight-ine method of amortization Prepare the consolidation worksheet entries to recognize the effects of the intra entity bonds at each of the following dates. (if no entry is required for a trensaction/event, select "No journel entry required" in the first account field.) a December 31, 2016 b. December 31, 2017 c December 31, 2018 Consolidation Worksheet Entries Prepare Entry "8 to remove the intra entity bond acojunts that remain on the individual records of both companies. Nobe: Erter debits before credits