On y 1, 2017, Sheffield Company purchased $4,090,000 of Duggen Company's 8% bonds, due on July 1, 2024. The bonds, which pay interest semiannually on January I and July 1, were purchased for $3.570,000 to yleid 10%. These bonds are classified as available for sale and they have a fair value in December 31, 2017, of $3,676,500, prepare the journal entry (if any) at December 31, 2017, to record this transaction. (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 for the amount) Date Account Titles and Explanation Dec 31, 2017