Question 22 The following transactions relate to Portland Cement Ltd.s investment in the debt securities of Shamrock Inc. during 2021 and 2022. Portland is a public company and purchased the investment to earn interest income. 2021 Jan. 1 Purchased $140,400 of Shamrock Inc. eight-year, 7% bonds for $158,729, to yield a market interest rate of 5%. Interest is payable semi-annually on July 1 and January 1. July 1 Received semi-annual interest on Shamrock bonds. Dec. 31 Accrued interest at Portlands year end. 2022 Jan. 1 Recorded receipt of interest payment from bonds. July 1 Recorded receipt of interest payment from bonds. 2 Sold the bonds on the open market for $155,000. Collapse question part (a) Record the above transactions. (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 0 for the amounts. Record journal entries in the order presented in the problem. Round answer to 0 decimal places, e.g. 5,276.) 2021 Date Account Titles and Explanation Debit Credit (To record purchase of investment.) (To record collection of interest.) (To accrue interest revenue.) 2022 Date Account Titles and Explanation Debit Credit (Collection of interest receivable.) (To record collection of interest.) July 2 (To record sale of bonds