Can you help with parts one and two of the two questions posted below

Parnell Industries buys securities to be available for sale when circumstances warrant, not to prot from short-term differences in price and not necessarily to hold debt securities to maturity. The following selected transactions relate to investment activities of Parnell Industries Whose scal year ends on December 31. No investments were held by Parnell at the beginning of the year. 2018 March 1 Purchased 2 million Platinum Gems, Inc. common shares for $124 million, plus $2 million in br0kerage fees and commissions. April 13 Purchased $200 million of 10% bonds at face value 'om Oracle Wholesale Corporation. July 20 Received cash dividends of $3 million on the investment in Platinum Gems, Inc. common shares. October 13 Received semiannual interest of $10 million on the investment in Oracle bonds. October 14 Sold the Oracle bonds for $205 million. November 1 Purchased 500,000 SPI International preferred shares for $40 million, plus $1 million in brokerage fees and commissions. December 31 Recorded the necessary adjusting entry(s) relating to the investments. The market prices of the investments are $64 per share for Platinum Gems, Inc. and $74 per share for SP1 Intemational preferred shares. Required: 1. Prepare the appropriate journal entry for each transaction or event, applying ASC 825 -I 0 recognition and measurement which is erective for US GAAP public entities beginning in 2018. 2. Show the amounts that would be reported on the company's 2018 income statement related to these investments. Bridgeport Company buys and sells securities expecting to make money on short-term price movements. The company's scal year ends on December 31. The following transactions relating to Bridgeport's trading accounts occurred during December 2018 and the rst week of 2019. 20 18 December 3: Purchased 100,000 shares of VMWare Corporation's common stock at $80 per share. December 7: Purchased 150,000 shares of Intel Corporation's common stock at $20 per share. December 24: Received cash dividends of $0.10 per share from the Intel common stock. December 31: Recorded any necessary adjusting entries relating to the VMWare and Intel shares. The market prices for VMWare and Intel were $77 per share and $23.50 per share respectively. 2019 January 2: Sold the 100,000 shares ofVMWare common stock at $75 per share. January 4: Sold the 150,000 shares of Intel common stock at $22 per share. Required: 1. Prepare the appropriate journal entry for each transaction. 2. Indicate any amounts Bridgeport Company would report in its 2018 balance sheet and income statement as a result of these investments