On August $1,2025,$ Sheridan Company acquired $$550000$ face value $10\%$ bonds of Sunland Corporation at $104$ plus accrued interest. The bonds were dated May $1,2025,$ and mature on April $30,2030,$ with interest payable each October $31$ and April $30.$ The bonds will be held to maturity. What entry should Sheridan make to record the purchase of the bonds on August $1,2025?$

Debt Investments

$585750$

Cash

Debt Investments

Premium on Bonds

Cash

Debt Investments

$585750$

Interest Revenue

Cash

Debt Investments

$572000$

Interest Revenue

$13750$

Cash

$585750$