Check my work Amalgamated General Corporation is a consulting firm that also offers financial services through its credit division ompany buys and sells securities. The following selected transactions relate to Amalgamated's investment activities during the last quarter of 2018 and the first month of 2019. Th held by Amalgamated at October 1 were $30 million of 10% bonds of Kansas Abstractors, Inc., purchased on May 1 at face value and held in Amalgamated's trading portfolio. The company's fiscal year ends on December 31 e only securities 2018 Oct. 18 Purchased 2 million preferred shares of Millwork Ventures Company for $58 million. 31 Received semiannual interest of $1.5 million from the Kansas Abstractors bonds. Nov. 1 Purchased 10% bonds of Holistic Entertainment Enterprises at their S18 million face value, to be held until they mature in 2025. Semiannual interest is payable April 30 and October 31. 1 Sold the Kansas Abstractors bonds for $28 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 Plastics Corporation at their $60 million face value, to be held until Dec. 1 Purchased 12% bonds of Household they mature in 2028. Semiannual interest is payable May 31 and November 30 20 Purchased U. S. Treasury bonds for $5.6 million as trading securities, hoping to earn profits on short term differences in prices. dividends or gains if prevailing market conditions encourage sale. Sold the Treasury bonds for s5.7 niion. 21 Purchased 4 million common shares of NXS Corporation for $44 million, planning to earn profits from 29 Received cash dividends of $3 million from the M21Work Ventures Company preferred shares 31 Recorded any necessary adjusting entry(sl and closing entries relating to the investments. The market price of the Millwork Ventures Company preferred stock was $27.50 per share and 511,50 per share for NXS Corporation common, The fairivalues of the bond investments iere $58.7 million for Hou Corporation and $16.7 nillion for Hollstic Entertainnent Enterprises 2019 Jan. 7 Sold the NXS Corporation common shares for $43 million. Required select "No journal entry required" in the first account field. Do not round intermediate calculations. Enter your Prepare the appropriate journal entry for each transaction or event (If no entry is required for a transection/event, answers in millions rounded to 1 decimal place, (i.e., 5,500,000 should be entered as 5.5).) View transaction list