Amalgamated General Corporation is a consulting firm that also offers financlal services through Its credit diMslon. From time to time the company buys and sells securitles. The following selected transactions relate to Amagamated's Investment activities during the last quarter of 2018 and the first month of 2019. The only securitleG held by Amalgamated at October 1 were $40 million of 10% bonds of Kansas Abstractors, Inc. purchased on May 1 at face value and held In Amalgamated's trading portfollo. The company's fiscal year ends on December 31 Oct. 18 Purchased 2 million preferred shares of Millwork Ventures Company for $56 million 31 Received seniannual interest of $1.6 million fron the Kansas Abstractors bonds No. 1 Purchased 18% bonds of Holistic Entertainnent Enterprises at their $18 million face value, to be held until they mature in 2825. Semiannual interest is payable Apri1 38 and October 31 continue to fall. ? unrealized gains and losses had been recorded on these bonds previously 2828. Semiannual interest is payable May 31 and Novenber 38 prices prevailing narket conditions encourage sale 1 Sold the Kansas Abstractors bonds for 36 million because rising interest rates are expected to cause their fair value to Dec. 1 Purchased 12% bonds of Household Plastics Corporation at their $50 million face value, to be held until they mature in 28 Purchased U. S. Treasury bonds for $5.8 million as trading securities, hoping to earn profits on short-term differences in 21 Purchased 4 million common shares of NKS Corporation for $48 million, planning to earn profits fron dividends or gains if 23 Sold the Treasury bonds for $6.8 million 29 Received cash dividends of $3 million fron the Millwork Ventures Company preferred shares 31 Recorded any necessary adjusting entry(s) and closing entries relating to the investments. The market price of the Mil1work Ventures Company preferred stock was $24.58 per share and $14.69 per share for the NXS Corporation common. The fair values of the bond investments were $59.7 million for Household Plastics Corporation and $16.9 million for Holistic Entertainment Enterprises 2819 Jan 7 Sold the NXS Corporation conmon shares for $46 million Required: Prepare the approprlate Journal entry for each transaction or event. (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, (Le., 5,500,000 should be entered as 5.5).)