Rock is an 80% owned subsidiary of Gibberbird. On January 1, 2012, Rock issued $450,00 of $1,000 face amount 6%bonds at par. The bonds have interest payments on Jan 1 and July 1 of each year and mature January 1, 2016. On July 1, 2013 before interest payment, Gibberbird purchased all 450 bonds on the open market for $1,030 per bond.

1. Record 2013 journal entries for Jul. 1 to Dec. 31 on Rocks books.

2. Record the 2013 journal entries from Jul 1 to Dec 31 on Gibberbird's books.

3. Record the elimination entries for the consolidation working papers at December 31, 2013.