Amalgamated General Corporation is a consulting firm that also offers financial services through its credit division. From time to time the company buys and sells securities. The following selected transactions relate to Amalgamated's investment activities during the last quarter of 2018 and the first month of 2019. The only securities held by Amalgamated at October 1 were $60 million of 10% bonds of Kansas Abstractors, Inc., purchased on May 1 at face value and held in Amalgamated's trading portfolio. The company's fiscal year ends on December 31 2818 Oct. 18 Purchased 2 million preferred shares of Millwork Ventures Company for $65 million 31 Received semiannual interest of $2.4 million from the Kansas Abstractors bonds Nov. 1 Purchased 18% bonds of Holistic Entertainment Enterprises at their $126 million face value, to be held until they mature in 2825 Semiannual interest is payable April 38 and October 31 continue to fall. No unrealized gains and losses had been recorded on these bonds previously 2828. Semiannual interest is payable May 31 and November 3e prices prevailing market conditions encourage sale 1 Sold the Kansas Abstractors bonds for $53 million because rising interest rates are expected to cause their fair value to Dec. 1 Purchased 12% bonds of Household Plastics Corporation at their $50 million face value, to be held until they mature in 20 Purchased U. S. Treasury bonds for $7.6 million as trading securities, hoping to earn profits on short-term differences in 21 Purchased 4 million common shares of NXS Corporation for $56 million, planning to earn profits from dividends or gains if 23 Sold the Treasury bonds for $7.8 million 29 Received cash dividends of $3 million from the Millwork Ventures Company preferred shares 31 Recorded any necessary adjusting entry (s) and closing entries relating to the investments. The market price of the Millwork Ventures Company preferred stock was $30.80 per share and $16.58 per share for the NXS Corporation common. The fair values of the bond investments were $59.1 million for Household Plastics Corporation and $18.7 million for Holistic Entertainment Enterprises 2819 Jan. 7 Sold the NXS Corporation common shares for $54 million Requlrec Prepare the appropriate journal entry for each transaction or event. (If no entry Is requlred for a transactlon/event, select "No journal entry required" in the first account fleid. D not round intermediate calculations. Enter yur answers in millions rounded to 1 declmal plece, (l.e., 5,500,000 should be entered as 3.3).)