On August $1,2025,$ Sandhill Company acquired $1160,$$$1000,8\%$ bonds at $98$ plus accrued

interest. The bonds were dated May $1,2025,$ and mature on April $30,2030,$ with interest paid

each October $31$ and April $30.$ The bonds will be added to Sandhill's available$-$for$-$sale

portfolio. The entry to record the purchase of the bonds on August $1,2025$ is

Debt Investments$1136800$

Interest Receivable$23200$

Cash $1160000$

Debt Investments$1160000$

Interest Revenue $23200$

Discount on Debt Investments $23200$

Cash $1160000$

Debt Investments $1136800$

Interest Revenue $23200$

Cash $1160000$

Debt Investments$1160000$

Cash $1160000$