Subsidiary company(S.Co)(80% owned) issued $600,000 of 9% bonds on XXXXXXXXXXat an effective yield rate of 8%. The bonds have a 10 year life and pay interest on 6/30 and 12/31. The parent company...

Subsidiary company(S.Co)(80% owned) issued $600,000 of 9% bonds on 1-1-08 at an effective yield rate of 8%. The bonds have a 10 year life and pay interest on 6/30 and 12/31.
The parent company bought in the open market $400,000 of S. Co. bonds on 7/1/09 to yield 10%.
Prepare the consolidating elimination entry on 12/31/09 and 12/31/10.