Sunland Company purchased, on January $1,2025,$ as a held$-$to$-$maturity investment, $$84,000$ of the $10\%,5-$year bonds of Page Corporation for $$77,944,$ which provides an $12\%$ return.

Prepare Sunland's journal entries for $($a$)$ the purchase of the investment, and $($b$)$ the receipt of annual interest and discount amortization. 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. Record journal entries in the order presented in the problem. Round answers to $0$ decimal places, eg$.1,225.$J

No$.$ Date

Account Titles and Explanation

Debit

$($a$)$

$($b$)$