Stang Corporation issued to Bradley Company $420,000 par value, 10-year bonds with a coupon rate of 11 percent on January 1, 20X5 at 104. The bonds pay interest semiannually on July 1 and January 1. On January 1, 20X8, Purple Corporation purchased $105,000 of the bonds from Bradley for $109,600. Purple owns 60 percent of the voting common shares of Stang and prepares consolidated Financial statements. Required: Prepare the worksheet consolidation entry or entries needed to remove the effects of the intercorporate bond ownership in Preparing consolidated financial statements for 20X8 (If no entry is required for a transaction/event, select "No journal entry "equired" in the first account field. Do not round your intermediate calculations. Round your final answers to nearest whole dollar.) view transaction list Consolidation Worksheet Entries < A B