Stang Corporation issued to Bradley Company $400,000 par value, 10 -year bonds with a coupon rate of 12 percent on January 1, 20X5, at 105. The bonds pay interest semiannually on July 1 and January 1. On January 1, 20X8, Purple Corporation purchased $100,000 of the bonds from Bradley for $104,900. Purple owns 65 percent of the voting common shares of Stang and prepares consolidated financial statements. Required: a. Prepare the worksheet consolidation entry or entries needed to remove the effects of the intercorporate bond ownership in preparing consolidated financial statements for 208. b. Assuming that Stang reports net income of $20,000 for 208, compute the amount of income assigned to noncontrolling shareholders in the 208 consolidated income statement. c. Prepare the worksheet consolidation entry or entries needed to remove the effects of the intercorporate bond ownership in preparing consolidated financial statements for 209. Worksheet Entries Record the entry to eliminate the effects of the intercompahy ownership in bonds for 208. Note: Enter debits before credits. Worksheet Entries Record the entry to eliminate intercompany interest receivables or payables for 208. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Assuming that Stang reports net income of $20,000 for 208, compute the amount of income assigned to noncontrolling shareholders in the 208 consolidated income statement. Note: Do not round your intermediate calculations. Round your final answer to nearest whole doliar. Record the entry to eliminate the effects of the intercompany ownership in bonds for 209. Note: Enter debits before credits. Record the entry to eliminate intercompany interest receivables or payables for 209. Note: Enter debits before credits