Please assist with explaining requirement C. Thank you kindly

Pretzel Corporation owns 60 percent of Stick Corporation's voting shares. On January 1, 20X2, Pretzel Corporation sold $150,000 par value, 6 percent first mortgage bonds to Stick for $156,000. The bonds mature in 10 years and pay interest semiannually on January 1 and July 1. Required: a. Prepare the journal entries for 202 for Stick related to its ownership of Pretzel's bonds. b. Prepare the journal entries for 202 for Pretzel related to the bonds. c. Prepare the worksheet consolidation entries needed on December 31,202, to remove the effects of the intercorporate ownership of bonds. Complete this question by entering your answers in the tabs below. bonds. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round your intermediate calculations. Round your final answers to nearest whole dollar Consolidation Worksheet Entries B Show less a Record the entry to eliminate the intercompany bond holdings. Nobe; Enter debits before credits