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$$s investment activities during the last quarter of $2021$ and the first month of $2022.$ The only securities held by Amalgamated at October $1,2021$ were $$48$ million of $10\%$ bonds of Kansas Abstractors, Inc., purchased on May $1,2021$ at face value and held in Amalgamated$$s trading securities portfolio. The company$$s fiscal year ends on December $31.$

$2021$

Oct. $18$ Purchased $2$ million shares of Millwork Ventures Company common stock for $$79$ million. Millwork has a total of $48$ million shares issued.

$31$ Received semiannual interest of $$2\mathrm{.}4$ million from the Kansas Abstractors bonds.

Nov. $1$ Purchased $10\%$ bonds of Holistic Entertainment Enterprises at their $$18$ million face value, to be held until they mature in $2031.$ Semiannual interest is payable April $30$ and October $31.$

$1$ Sold the Kansas Abstractors bonds for $$46$ 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.

Dec. $1$ Purchased $12\%$ bonds of Household Plastics Corporation at their $$60$ million face value, to be held until they mature in $2031.$ Semiannual interest is payable May $31$ and November $30.$

$20$ Purchased U$.$ S$.$ Treasury bonds for $$6\mathrm{.}5$ million as trading securities$,$ hoping to earn profits on short$-$term differences in prices.

$21$ Purchased $4$ million shares of NXS Corporation's $62$ million shares of common stock for $$62$ million, planning to hold these shares until market conditions encourage their sale.

$23$ Sold the Treasury bonds for $$6\mathrm{.}7$ million.

$29$ Received cash dividends of $$11$ million from the Millwork Ventures Company shares of common stock.

$31$ Recorded any necessary adjusting entries relating to the investments. The market price of the Millwork Ventures Company common stock was $$34\mathrm{.}00$ per share and $$18\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{.}6$ million for Holistic Entertainment Enterprises.

$2022$

Jan. $7$ Sold the NXS Corporation common stock shares for $$59$ million.