12 The following selected transactions relate to investment activities of Omamental Insulation Corporation during 2018. The company buys equity securities as investments. None of Ormamental'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 $480,0. Sep. 1 Acquired $1,820,800 of American Instruments' common stock. Sep. 30 Received a $19,200 dividend on the Distribution Transformers common stock. eBook Prin References oct. 2 Sold the Distribution Transformers common stock for $513,00. Nov. 1 Purchased $1,480,000 of M&D Corporation common stock. Dec. 31 Recorded any necessary adjusting entry(s) relating to the investments. The market prices of the investments are: American Instruments common stock 962,e0e M&D Corporation common stock $1,548,808 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 sheet as a result of these investments Complete this question by entering your answers in the tabs below