Suspect Company issued $$600,000$ of $9$ percent first mortgage bonds on January $1,20$X$1,$ at $103.$ The bonds mature in $20$ years and pay interest semiannually on January $1$ and July $1.$ Prime Corporation purchased $$400,000$ of Suspect$$s bonds from the original purchaser on January $1,20$X$5,$ for $$396,800.$ Prime owns $60$ percent of Suspect$$s voting common stock.

Required:

Prepare the worksheet consolidation entry or entries needed to remove the effects of the intercorporate bond ownership in preparing consolidated financial statements for $20$X$5.$

Prepare the worksheet consolidation entry or entries needed to remove the effects of the intercorporate bond ownership in preparing consolidated financial statements for $20$X$6.$