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$$s investment activities during the last quarter of $2024$ and the first month of $2025.$ The only securities held by Amalgamated at October $1,2024$ were $$30$ million of $10\%$ bonds of Kansas Abstractors, Incorporated purchased on May $1,2024$ at face value and held in Amalgamated$$s trading securities portfolio. The company$$s fiscal year ends on December $31.$

October $18,2024$ Purchased $2$ million shares of Millwork Ventures Company common stock for $$71$ million. Millwork has a total of $44$ million shares issued.

October $31,2024$ Received semiannual interest of $$1\mathrm{.}8$ million from the Kansas Abstractors bonds.

November $1,2024$ Purchased $10\%$ bonds of Holistic Entertainment Enterprises at their $$18$ million face value, to be held until they mature in $2034.$ Semiannual interest is payable April $30$ and October $31.$

November $1,2024$ Sold the Kansas Abstractors bonds for $$21$ 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.

December $1,2024$ 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 $30.$

December $20,2024$ Purchased U$.$ S$.$ Treasury bonds for $$6\mathrm{.}3$ million as trading securities$,$ hoping to earn profits on short$-$term differences in prices.

December $21,2024$ Purchased $4$ million shares of NXS Corporation's $58$ million shares of common stock for $$58$ million, planning to hold these shares until market conditions encourage their sale.

December $23,2024$ Sold the Treasury bonds for $$7\mathrm{.}0$ million.

December $29,2024$ Received cash dividends of $$7$ million from the Millwork Ventures Company shares of common stock.

December $31,2024$ Recorded any necessary adjusting entries relating to the investments. The market price of the Millwork Ventures Company common stock was $$32\mathrm{.}00$ per share and $$16\mathrm{.}00$ per share for the NXS Corporation common stock. The fair values of the bond investments were $$59\mathrm{.}1$ million for Household Plastics Corporation and $$16\mathrm{.}8$ million for Holistic Entertainment Enterprises.

January $7,2025$ Sold the NXS Corporation common stock shares for $$57$ million.

Required:

Prepare the appropriate journal entry for each transaction or event. Use one summary entry on December $31$ to adjust the portfolio of equity investments to fair value.

Note: 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 $5\mathrm{.}5).\backslash$table$[[,,$Cash,V$,,18\mathrm{.}0],[4,$November $01,2024,$Loss on investment $($unrealized$,$ NI $),$V$,6\mathrm{.}0\backslash$times $,],[,$Fair value adjustment,V$,,6\mathrm{.}0\backslash$times $],[5,$November $01,2024,$Cash,V$,49\mathrm{.}0\backslash$times $,],[,$Gain on investment $($unrealized$,$ NI$),\backslash$times $,6\mathrm{.}0\backslash$times $,],[,$Investment in bonds,V$,,55\mathrm{.}0\backslash$times $],[6,$December $01,2024,$Investment in bonds,V$,60\mathrm{.}0,],[,$Cash,V$,,60\mathrm{.}0],[7,$December $20,2024,$Investment in equity securities$,$x$,6\mathrm{.}3>,],[,$Cash,$(,,6\mathrm{.}3$vv$],[8,$December $21,2024,$Investment in bonds,x$,58\mathrm{.}0,],[,$Cash,$(,,58\mathrm{.}0],[9,$December $23,2024,$Fair value adjustment,

u $,0\mathrm{.}7>,],[,$Gain on investment $($unrealized$,$ NI $),$grad,,$0\mathrm{.}7$vv$],[10,$December $23,2024,$Cash,$2,7\mathrm{.}0,],[,$Loss on investment $($unrealized$,$ NI $),$x$,,0\mathrm{.}7$vv$],[,$Investment in bonds,V$,,6\mathrm{.}3$vv$]]\backslash$table$[[10,$December $23,2024,$Cash,V$,7\mathrm{.}0,],[,,$Loss on investment $($unrealized$,$ NI $),$x$,,0\mathrm{.}7],[,,$Investment in bonds,$(,,6\mathrm{.}3$vv$],[11,$December $29,2024,$Cash,$(,7\mathrm{.}0,],[,,$Dividend revenue,$\backslash$theta $,,7\mathrm{.}0],[12,$December $31,2024,$Interest receivable,V$,1\mathrm{.}2\backslash$times $,],[,,$Interest revenue,Q$,,1\mathrm{.}2\backslash$times $],[13,$December $31,2024,$Interest receivable,V$,0\mathrm{.}9\backslash$times $,],[,,$Interest revenue,V$,,0\mathrm{.}9\backslash$times $],[14,$December $31,2024,$Loss on investment $($unrealized$,$ NI $),$V$,13\mathrm{.}0\backslash$times $,],[,,$Fair value adjustment,$\backslash$theta $,,13\mathrm{.}0\backslash$times $],[15,$January $07,2025,$Loss on investment $($unrealized$,$ NI $),,7\mathrm{.}0,],[,,$Fair value adjustment,$\backslash$theta $,,7\mathrm{.}0],[16,$January $07,2025,$Cash,$,57\mathrm{.}0,],[,,$Loss on investment $($unrealized$,$ OCl $),$x$,7\mathrm{.}0\backslash$times $,],[,,$Investment in equity securities$,$V$,,64\mathrm{.}0\backslash$times $]]$