Taylor Inc. purchased on January $1,2025,$ as a held$-$to$-$maturity investment, $$110,000$ of the $10\%,5-$year bonds of Hayes Inc. for $$128,766,$ which provides a $6\%$ return. The bond pays interest semiannually.

Required: Prepare the following journal entries. Round all values to the nearest dollar.

$($a$)$: Prepare the journal entry for the purchase of the investment.

$\backslash$table$[[$Reference:$,$Account Title:,Debit:,Credit:$],[1/1/2025,$type your answer...,type your answer...,type your answer...$],[,$type your answer...,type your answer...,type your answer...$]]$

$($b$)$: Prepare the journal entry to record the receipt of semiannual interest and premium amortization.

$\backslash$table$[[$Reference:$,$Account Title:,Debit:,Credit:$],[6/30/2025,$type your answer...,type your answer...,type your answer...$],[,$type your answer...,type your answer...,type your answer...$],[,$type your answer...,type your answer...,$]]$