Insurance purchased $120,000 of 6% SVL bonds on January 1, 2021, at a price of 80 when the market rate of interest was 8%. Nielson intends to hold the bonds until their maturity date of January 1, 2041. The bonds pay interest semiannually on each January 1 and July 1. Record the initial purchase of the bonds by Nielson on January 1, 2021, and the receipt of the interest on the first interest payment date of July 1, 2021. (Record