Amalgamated General Corporation is a consulting firm that also offers financial services through its eredit 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 2024 and the firs month of 2025 . The only securities held by Amalgamated at October 1, 2024 were $30 million of 10% bonds of Kansas Abstractors, Inc., purchased on May 1.2024 at face value and held in Amalgamated's trading securities portfolio. The company's fiscal year ends on December 31. 2024 Oct. 18 Purchased 2 million shares of Millwork Ventures Company common stock for $58 million. Millwork has a total of 30 million shares issued. 31 Received semiannual interest of $1.5 million from the Kansas Abstractors bonds. Nox. 1 Purchased 10% bonds of Holistic Entertainment Enterprises at their $18 milion face value, to be held until they mature in 2034. Semiannual interest is payable April 30 and October 31. 1 Sold the Kansas Abstractors bonds for $28 million because rising interest rates are expected to cause their fair value to continue to tall. No unrealized gains and losses had been recorded on these bonds previously. Dec. 1 Purchased 12% bonds of Household Plastics Corporation at their $60 million face value, to be held until they mature in 2034. Semiannual interest is payable May 31 and November 30. 20 Purchased U. S. Treasury bonds for $5.6 million as trading securities, hoping to earn profits on shortterm differences in prices. 21 Purchased 4 million shares of NXS Corporation's 50 million shares of common stock for $44 million, planning to hold these shares until market conditions encourage their sale. 23 Sold the Treasury bonds for $5.7 million. 29 Received cash dividends of $3 million from the Millwork Ventures Company shares of common stock. 31 Recorded any necessary adjusting entrles relating to the investments. The market price of the Milk:rark Ventures Company common stock was $27.50 per share and $11.50 per share for the Nx.S Corporation common stock. The fair values of the bond investments were $58.7 million for Household Plastics Corporation and $16.7 million for Holistic Entertainment Enterprises. 2025 Sold the NXS Corporation common stock shares for \$43.3 million. Jan, 7 Prepare the appropriase journal entry for each transaction of event. Use one summary entry on December 31 to afjust the portfolio of equity investments to fair valoe