On January 1, 2021, Sunland Ltd., a public company, purchased $564,000 of 5-year, 7% bonds at par from Marigold Corporation. Interest is received semi-annually on July 1 and January 1. Sunland purchased the bonds to earn interest. At December 31, 2021, the bonds were trading at 104. (a) Prepare the journal entry to record the purchase of the bonds on January 1. (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 O for the amounts.) Date Account Titles and Explanation Debit Jan. 1 (To record purchase of bond investment.)