Sheridan Company purchased, on January $1,2025,$ as an available$-$for$-$sale security, $$71,000$ of the $9\%,5-$year bonds of Sipacore Corporation for $$65,752,$ which provides an $11\%$ return.

Prepare Sheridan's journal entries for $($a$)$ the purchase of the investment, $($b$)$ the receipt of annual interest and discount amortization, and $($c$)$ the year$-$end fair value adjustment. $($Assume a zero balance in the Fair Value Adjustment account.$)$ The bonds have a year$-$end fair value of $$67,450.$ Assume effective$-$interest amortization is used. $($List all debit entries before credit entries. Credit account titles are automatically indented when 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. Round answers to $0$ decimal places, e$.$g$.1,225.)$

$\backslash$table$[[$No$.$ Date Account Titles and Explanation$],[($a$)],[($b$)],[($c$)],[($c$)]]$