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 on October 1, 2024, were $35 million of 10% bonds of Kansas Abstractors, Inc., purchased on May 1, 2024, at face value. The company's fiscal year ends on December 31. 2024: Oct. 18 Purchased 2 million preferred shares of Millwork Ventures Company for $55 million. Millwork has a total of 32 million shares issued. Oct 31 Received semiannual interest of $2.1 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 2034. Semiannual interest is payable on April 30 and October 31. Nov 1 Sold the Kansas Abstractor's bonds for $32 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 2034. Semiannual interest is payable on May 31 and November 30. Dec 20 Purchased U.S. Treasury bonds for $5.7 million as trading securities, hoping to earn profits on short-term differences in prices. Dec 21 Purchased 4 million common shares of NXS Corporation for $46 million share of common stock for $46 million, planning to hold these shares until market conditions encourage their sale. Dec 23 Sold the Treasury bonds for $5.8 million. Dec 29 Received cash dividends of $5 million from the Millwork Ventures Company shares of common stock. Dec 31 Recorded any necessary adjusting entry(s) and closing entries relating to the investments. The market price of the Millwork Ventures Company preferred stock was $25.00 per share and $12.50 per share for the NXS Corporation common stock. The fair value of the bond investments was $59.1 million for Household Plastics Corporation and $16.8 million for Holistic Entertainment Enterprises. 2025 Jan 7 Sold the NXS Corporation common shares for $45 million. Required: Prepare the appropriate journal for the following transaction entry for each transaction or event. Use one summary entry 31 to adjust the portfolio of equity investment to fair value. 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 $2.1 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 $5.7 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 $5.8 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