12. A. The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company buys equity securities as investments. None of Ornamental's investments are large enough to exert significant influence on the investee. Ornamental's fiscal year ends on December 31. No investments were held by Ornamental on December 31, 2017.

Mar. 31 Acquired Distribution Transformers Corporation common stock for $430,000

Sept 1 Acquired $945,000 of American Instruments' common stock.

Sept 30 Received a $12,900 dividend on the Distribution Transformers common stock.

Oct 2 Sold the Distribution Transformers common stock for $458,000.

Nov. 1 Purchased Recorded any necessary adjusting entry(s) relating to the investments. The market prices of the investments are:

American instruments common stock $892,000 M&D Corporation common stock $1,493,000

Required:

1. Prepare the appropriate journal entry for each transaction or event during 2018, as well as any adjusting entries necessary at year end.

2. Indicate any amounts that Ornamental Insulation would report in its 2018 income statement, 2018 statement of comprehensive income, and 12/31/2018 balance as a result of these investments.

Date	General Journal	Debit	Credit
March 31, 2018