On January 1, Talent Company purchased as a short-term investment a $1,000, 8% bond for $1,050. The bond pays interest on January 1 and July 1. The bond is sold on October 1 for $1,200 plus accrued interest. Interest has not been accrued since the last interest payment date. What is the entry to record the cash proceeds at the time the bond is sold?

O Cash 1,200 Debt Investments 1,200 O Cash 1,220 Debt Investments . Gain on Sale of Debt Investments 1,050 150 20 O Cash 1,220 Debt Investments Interest Revenue 1,200 20 Cas. 1,200 Debt Investments Gain 1,050 150 on Sale of Debt Investments