Amalgan Corporation is a consulting firm that also offers financial services through its credit division. From time to time the company buys and sells securities intending to earn profits on short-term differences in price. The following selected transactions relate to Amalgan's investment activities during the last quarter of 2016. The only securities held by Amalgan were $20 million of 8% bonds of Kensington, Inc., purchased on May 1 at face value. The company's fiscal year ends on December 31. 2016 Oct. 15 Purchased 2 million common shares of Milling Company for $38 million as a securities available for sale. 31 Received semiannual interest of $0.8 million from the Kensington, Inc. Nov. 1 Purchased 6% bonds of Holistic Enterprises at $28 million for $30 million with 8% effective interest rate, to be held until they mature in 2022. Semiannual interest is payable April 30 and October 31. 21 Purchased 4 million common shares of Nolan Corporation for $64 million as trading securities, hoping to earn profits on short-term differences in prices. 29 Received cash dividends of $1 million from the Milling Company common shares. 31 Recorded any necessary adjusting entries relating to the investments including the following fair value adjustment and bonds interest accrued. The market price of the Milling Company common stock was $20.50 per share and $15.25 per share for the Nolan Corporation's common stock. The fair values of the bond investments were $21.5 million for Kensington, Inc. and $27.5 million for Holistic Entertainment Enterprises. Prepared the appropriate journal entry for each transaction or event