On August 1, 2021, Bramble Corporation, a public company, purchased $74,400 of Alaska Ltd. five-year, 7% bonds at par. The bonds were purchased for trading purposes and pay interest semi-annually on January 31 and July 31 of each year. On December 31, 2021, Brambles year end, the bonds fair value was $74,740. The bonds were sold on February 1, 2022, for $75,480.

1. Indicate how the investment is presented on Bramble Corporations December 31, 2021, balance sheet.

b. Record the receipt of the first interest payment on January 31, 2022. (Credit account titles are automatically indented when the 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. Round answer to 0 decimal places, e.g. 5,276.)

c. Record the sale of the bonds on February 1, 2022. (Credit account titles are automatically indented when the 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.)