On July 1, 2019, Wolfpack Corporation purchased securities which it intends to buy and sell frequently. These secunties consisted of Todd Corporation 10%, 5-year bonds with a face value of $20,000 which were purchased for $18,500. Assume that on December 31, 2019, Wolfpack received interest on the Todd Corporation bonds. Wolfpack uses the straight-line method to amortize premiums and discounts. Required: Prepare the December 31 journal entry to record the receipt of the interest