On May 1, Pierce Company purchased $60,000 of Stanton Company's 12% bonds at 100 plus accrued interest of $2,400. On June 30, Pierce received its first semiannual interest. On February 1, Pierce sold $50,000 of the bonds at 103 plus accrued interest. The journal entry Pierce will record on February 1 will include a a. credit to Interest Revenue for $1,500 b. credit to Cash for $52,500 c. credit to Interest Receivable for $600 d. credit to Gain on Sale of Investments for $1,500