Amalgamated General Corporation is a consulting firm that also offers financlal 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 $$40$ 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 $$63$ million. Millwork has a total of $62$ million shares issued.

October $31,2024$ Received semiannual interest of $$2\mathrm{.}4$ 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 $$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.

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 $$7\mathrm{.}2$ 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 $48$ million shares of common stock for $$48$ million, planning to hold these shares until market conditions encourage their sale.

December $23,2024$ sold the Treasury bonds for $$7\mathrm{.}5$ million.

December $29,2024$ Received cash dividends of $$9$ million from the Millwork ventures company shares of cormon stock.

December $31,2024$ Recorded any necessary adjusting entries relating to the investments. The market price of the Millwork ventures company common stock was $$27\mathrm{.}00$ per share and $$14\mathrm{.}00$ per share for the NXS Corporation common stock. The fair values of the bond investments were $$58\mathrm{.}9$ million for Household Plastics corporation and $$16\mathrm{.}5$ million for Holistic Entertainment Enterprises.

January $7,2025$ sold the NXS Corporation common stock shares for $$47$ million.

Required:

Prepare the approprlate Journal entry for each transaction or event. Use one summary entry on December $31$ to adjust the portfollo of equity investments to falr value.

Note: If no entry is required for a trensaction$/$event$,$ select $"$No Journal entry required" In the flrst account fleld. Do not round Intermedlate calculations. Enter your answers In milllons rounded to $1$ decimal place, $(1.$e$.,5,500,000$ should be entered as $5\mathrm{.}5).$

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