Construction Forms Corporation buys securities to be available for sale when circumstances warrant, not to profit from short-term differences in price and not necessarily to hold debt securities to maturity. The following selected transactions relate to investment activities of Construction Forms whose fiscal year ends on December 31. No investments were held by Construction Forms at the beginning of the year.

2013
Mar. 2	Purchased 1 million Platinum Gauges, Inc., common shares for $30 million, including brokerage fees and commissions.
Apr. 12	Purchased $23 million of 10% bonds at face value from Zenith Wholesale Corporation.
July 18	Received cash dividends of $2 million on the investment in Platinum Gauges, Inc., common shares.
Oct. 15	Received semiannual interest of $1.15 million on the investment in Zenith bonds.
16	Sold the Zenith bonds for $28 million.
Nov. 1	Purchased 500,000 LTD International preferred shares for $49 million, including brokerage fees and commissions.
Dec. 31	Recorded the necessary adjusting entry(s) relating to the investments. The market prices of the investments are $32 per share for Platinum Gauges, Inc., and $92 per share for LTD International preferred shares.
2014
Jan. 23	Sold half the Platinum Gauges, Inc., shares for $32 per share.
Mar. 1	Sold the LTD International preferred shares for $94 per share.

Required:

1.

Prepare the appropriate journal entry for each transaction or event. (If no entry is required for a particular event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50).)

Date	General Journal	Debit	Credit
March 02, 2013	Investment in Platinum Gauges, inc., shares	30.00
	Cash		30.00
April 12, 2013	Investment in Zenith bonds	23.00
	Cash		23.00
July 18, 2013	Cash	2.00
	Investment revenue		2.00
October 15, 2013	Cash	1.15
	Investment Revenue		1.15
October 16, 2013	Cash	28.00
	Investment in Zenith bonds
November 01, 2013	Investment in LTD preferred shares	49.00
	Cash		49.00

Date	General Journal	Debit	Credit
Dec 31, 2013	Net unrealized holding gains and losses - OCI	1.00
	Fair value adjustment		1.00

Date	General Journal	Debit	Credit
Jan 23, 2014	Cash	16.00
	Investment in Platinum Gauges shares		15.00
	Gain on sale of incestments		1.00
Mar 01, 2014	Cash	47.00
	Loss on sale of incestment	2.00
	Loss on sale of investment		49.00

2.

Show the amounts that would be reported in the company's 2013 income statement relative to these investments. (Enter your answers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5.50).)

2013 Income Statement
($ in millions)
Investment revenue
Gain on sale of investments
Other comprehensive invome:
Net unrealized holding gains (losses) on investments	1.00