Amalgamated General Corporation is a consulting firm that also offers financial services through its credit division. From time to time $1$ Record the purchase of $2$ million shares of Millwork

Ventures Company common stock for $$55$ million.

$2$ Record the receipt of semiannual interest of $$2\mathrm{.}1$ million

from the Kansas Abstractors bonds.

$3$ Record the purchase of $10\%$ bonds of Holistic

Entertainment Enterprises at their $$18$ million face value.

$4$ Record the entry to adjust to fair value the investment in

Kansas Abstractor bonds on the date of sale.

$5$ Record the sale of the investment in Kansas Abstractors

bonds.

$6$ Record the purchase of $12\%$ bonds of Household Plastics

Corporation at their $$60$ million face value.

$7$ Record the purchase of U$.$S$.$ Treasury bonds for $$5\mathrm{.}7$

million.

$8$ Record the purchase of $4$ million common shares of NXS

Corporation for $$46$ million.

$9$ Record the entry to adjust to fair value the investment in

U$.$S$.$ Treasury bonds on the date of sale.

$10$ Record the sale of the Treasury bonds for $$5\mathrm{.}8$ million.

$11$ Record the receipt of cash dividends of $$5$ million from

the Millwork Ventures Company common shares.

$12$ Record the accrued interest for Holistic Entertainment

bonds.

$13$ Record the accrued interest for Household Plastics bonds.

$14$ Record the entry to adjust the securities to fair value.

$15$ Record the entry to adjust to fair value the investment in

NXS Corporation common shares on the date of sale.

$16$ Record the sale of the NXS Corporation common shares

for $$45$ million.

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 $$35$ 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 $31.$

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 $5\mathrm{.}5).$