Teal Corp. carries an account in its general ledger called Investments, which contained debits for investment purchases, and no credits, with the following descriptions.

Feb. $1,2025$ Sharapova Company common stock, $$120$ par, $240$ shares

$$40,320$

April $1$ U$.$S$.$ government bonds, $11\%,$ due April $1,2035,$ interest payable April $1$ and October $1,108$ bonds of $$1,000$ par each

$108,000$

July $1$

McGrath Company $12\%$ bonds, par $$45,000,$ dated March $1,2025,$ purchased at $104$ plus accrued interest, interest payable annually on March $1,$ due March $1,2045$

$48,600$

Prepare entries necessary to classify the amounts into proper accounts, assuming that the debt securities are classified as available$-$for$-$sale. Sharapova has $200,000$ shares outstanding. $($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.$)$

Account Titles and Explanation

Debit

Credit

Equity Investments

Debt investments

Interest Revenue