Cardinal Paz Corp. carries an account in its general ledger called Investments, which contained debits for investment purchases, and no credits, with the following descriptions.

                               

Instructions
(Round all computations to the nearest dollar.)
  (a) Prepare entries necessary to classify the amounts into proper accounts, assuming that all the securities are classified as available-for-sale.
  (b) Prepare the entry to record the accrued interest and the amortization of premium on December 31, 2014, using the straight-line method.
  (c) The fair values of the investments on December 31, 2014, were:

Sharapova Company common stock              $ 31,800
U.S. government bonds                                   124,700
McGrath Company bonds                                58,600

What entry or entries, if any, would you recommend be made?
  (d) The U.S. government bonds were sold on July 1, 2015, for $119,200 plus accrued interest. Give the proper entry.