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 $40 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 2018 Oct. 18 Purchased 2 million preferred shares of Millwork Ventures Company for $70 million 31 Received semiannual interest of $2.0 million from the Kansas Abstractors bonds. Nov. 1 Purchased 10% bonds of Holistic Entertainment Enterprises at their $60 million face value, to be held until they mature in 2025. Semiannual interest is payable April 30 and October 31. 1 Sold the Kansas Abstractors bonds for $37 million because rising interest rates are expected to cause their fair value to continue to fall. No unrealized gains and losses had been recorded on these bonds previously. until they mature in 2028. Semiannual interest is payable May 31 and November 30 short-term differences in prices. from dividends or gains if prevailing market conditions encourage sale. Dec. 1 Purchased 12% bonds of Household Plastics Corporation at their $60 million face value, to be held 20 Purchased U. S. Treasury bonds for $6.5 million as trading securities, hoping to earn profits on 21 Purchased 4 million common shares of NXS Corporation for $62 million, planning to earn profits 23 Sold the Treasury bonds for $6.7 million 31 Recorded any necessary adjusting entry (s) and closing entries relating to the investments. The 29 Received cash dividends of $3 million from the Millwork Ventures Company preferred shares. market price of the Millwork Ventures Company preferred stock was $34.00 per share and $18.00 per share for the NXS Corporation common. The fair values of the bond investments were $63.2 million for Household Plastics Corporation and $17.6 million for Holistic Entertainment Enterprises. 2019 an. 7 Sold the NXS Corporation common shares for $59 million. Required Prepare the appropriate journal entry for each transaction or event. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your answers in millions rounded to 1 decimal place, (i.e., 5,500,000 should be entered as 5.5).)