Cullumber Corporation purchased trading investment bonds for $$47,000$ at par. At December $31,$ Cullumber received annual interest of $$1,880,$ and the fair value of the bonds was $$44,400.$Prepare Cullumber' journal entries for $($a$)$ the purchase of the investment, $($b$)$ the interest received, and $($c$)$ the fair value adjustment.$($Assume a zero balance in the Fair Value Adjustment account.$)$