Cullumber Corp. carries an account in its general ledger called Investments, which contained debits for investment purchases, and no credits, with the following descriptions. Feb. 1, 2017 Sharapova Company common stock, $120 par, 240 shares $34,200 April 1 U.S. government bonds, 11%, due April 1, 2027, interest payable April 1 and October 1, 108 bonds of $1,000 par each 108,000 July 1 McGrath Company 12% bonds, par $49,800, dated March 1, 2017, purchased at 104 plus accrued interest, interest payable annually on March 1, due March 1,2037 53184 Prepare entries necessary to classify the amounts into proper accounts, assuming that all the securities are classied as availableeforesale. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles am;l enter 0 for the amounm.) Amount 'I'Ies and Explanation Debit Credit Prepare the entryr to record the accrued interest and the amortization of premium on December 31, 2017, using the straightline method. (Round answers to 0 decimal places, e.g. 2,500. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Amount \"Us and Explanation Debit Credit Dec.31,2017 l| |l The fair values of the investments on December 31, 2017, were: Sharapova Company common stock $31,300 U.S. government bonds 135,?00 McGrath Company bonds 62,600 What entry, if any, would you recommend be made? (Round answers to 0 decimal places, e.g. 2,500. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date 511]]th Tide". and Explanation Debit Credit Dec. 31, 2017 l l l l l l (Entry for debt investment) (Entry for equity investment) The U.S. government bonds were sold on July 1, 2018, for $126,800 plus accrued interest. Give the proper entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Jul. 1, 2018 l l l H l