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Amalgamated General Corporation is a consulting firm that also offers financie time to time the company buys and sells securities. The following se investment activities

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Amalgamated General Corporation is a consulting firm that also offers financie time to time the company buys and sells securities. The following se investment activities its credit division. From services lected transactions relate to Amalgamated at value and held in Amalgamated's trading portfolio. Th c during the last quarter of 2018 and the first month of 2019. The only securities hen October 1 were $45 million of 10% bonds of Kansas Abstractors, Inc., purchased on May 1 at face e company's fiscal year ends on December 31 2018 Oct. 18 Purchased 2 million preferred shares of Milwork Ventures Company for $59 million vov. urchased 10% bonds of Holistic Entertainment Enterprises at their 31 Received semiannual interest of $1.8 million from the Kansas Abstractors bonds $108 million face value, to be held until they mature s for $41 million because rising interest rates are expected to cause their fair value to s of Household Plastics Corporation at their $80 million face value, to be held until they mature in in 2025. Semiannual interest is payable April 30 and October 31 continue to fall. No unrealized gains and losses had been recorded on these 2028. Semiannual interest is payable May 31 and November 30 prices. if prevailing market conditions encourage sale 1 Sold the Kansas Abstractors bond bonds previously Dec. 1 Purchased 12% bond U. S. Treasury bonds for $7.3 milion as trading securities, hoping to earn profits on short-term differences in million common shares of NXS Corporation for $50 million, planning to earn profits from dividends or gains 20 Purchased 23 Sold the Treasury bonds for $7.7 million 29 Received cash dividends of $3 million from the Millwork Ventures Company p 31 eferred shares. Recorded any necessary adjusting entry(s) and closing entries relating to the investments. The market price of the Millwork Ventures Company preferred stock was $28.50 per share and $14.50 per share for the NXS Corporation common. The fair values of the bond investments were $57.6 million for Household Plastics Corporation and $18.4 million for Holistic Entertainment Enterprises. 2019 Jan. 7 Sold the NXS Corporation common shares for $46 million. Required is required for a transaction/event, "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your nswers in millions rounded to 1 decimal place, (i.e, 5,500,000 should be entered as 5.5).) select

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