Par Corporation holds 60 percent of Short Publishing Company's voting shares. Par issued $530,000 of 8 percent bonds with a 10 year maturity on January 1, 20X2, at 94 . On January 1, 20X8, Short purchased $106,000 of the Par bonds for $112,000. Partial trlal balances for the two companies on December 31,208, are as follows: Note: Assume using straight-line amortization of bond discount of premium. Required: Prepare the worksheet consolidation entry or entries needed on December 31,208, to remove the effects of the intercorporate b ownership in preparing consolidated financial statements. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Required: Prepare the worksheet consolidation entry or entries needed on December 31, 20x8, to remove the effects of the ownership in preparing consolidated financial statements. Note: If no entry is required for a transaction/event; select "No journal entry required" in the first account fleld. Consolidation Worksheet Entries Record the entry to eliminate intercompany interest receivables or payables for 208. Note: Enter deblts before credits