Stang Corporation issued to Bradley Company $580,000 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 $145,000 of the bonds from Bradley for $150,200. Purple owns 65 percent of the voting common shares of Stang and prepares consolidated financial statements. Required: a. Prepare the worksheet elimination entry or entries needed to remove the effects of the intercorporate bond ownership in preparing consolidated financial statements for 20X8