Sunland Company purchased 70 Rinehart Company 8%, 10-year, $1,780 bonds on January 1, 2020, for $124,600. The bonds pay interest annually on January 1 On January 1, 2021, after receipt of interest, Sunland Company sold 40 of the bonds for $68,530, Prepare the journal entries to record the transactions described above. (Round answers to decimal places, e.g. 15,250. 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 o for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit . (To record receipt of interest) (To record sale of bonds)