I just nee help on the requirements 2 and 3 which I have attached. Thanks!

American Surety and Fidelity buys and sells securities expecting to earn profits on short-term differences in price. For the first 11 months of 2021, gains from selling trading securities totaled $5 million, losses from selling trading securities were $10 million, and the company had earned $5 million in interest revenue. The following selected transactions relate to American's investments in trading securities and equity securities during December 2021, and the first week of 2022. The company's fiscal year ends on December 31. No trading securities or equity investments were held by American on December 1, 2021. Assume that the bonds are purchased at face value. 2021 Dec. 12 Purchased FF&G Corporation bonds for $14 million. 13 Purchased 2 million shares of Ferry Intercommunications common stock for $26 million. American does not have significant influence over Ferry's operations or policies. 15 Sold the FF&G Corporation bonds for $14.2 million. 22 Purchased u.s. Treasury bills for $52 million and Treasury bonds for $67 million. 23 Sold half the shares of Ferry Intercommunications common stock for $11 million. 26 Sold the U.S. Treasury bills for $54 million. 27 Sold the Treasury bonds for $66 million. 28 Received cash dividends of $200,000 from the Ferry Intercommunications common stock shares. 31 Recorded any necessary adjusting entry relating to the remaining investment. The market price of the Ferry Intercommunications stock was $11 per share. 2022 Jan. 2 sold the remaining Ferry Intercommunications common stock shares for $11.2 million. 5 Purchased Warehouse Designs Corporation bonds for $36 million. Required: 1. Prepare the appropriate journal entry for each transaction or event during 2021 including any year-end adjusting entries. 2. Indicate any amounts that American would report in its 2021 balance sheet and income statement as a result of these investments. 3. Prepare the appropriate journal entry for each transaction or event during 2022. Indicate any amounts that American would report in its 2021 balance sheet and income statem investments. (Amounts to be deducted should be indicated with a minus sign. Enter your answ decimal place, (i.e., 5,500,000 should be entered as 5.5).) ($ in millions) Balance sheet Current Assets Investments in equity securities Less: Fair value adjustment Total 13.0 2.0 $ 11.0 EA >> Income statement Other revenue (expenses): Dividend revenue (December) Interest revenue (first 11 months) Total interest and dividend revenue Gain (loss) on investments: Loss on investments (first 11 months) Gain on investments (first 11 months) Loss on investments (December) 0.2 5.0 5.2 $ O 3.0 x 2.2 % 2.0 X Net loss on investments 7.2 Total other revenue (expenses) Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the appropriate journal entry for each transaction or event during 2022. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place, (i.e., 5,500,000 should be entered as 5.5).) No Debit Credit 1 Date General Journal January 02, 2022 Fair value adjustment Gain on investment (unrealized, NI) 2.0 2.0 X 2 2 January 02, 2022 Cash Fair value adjustment Investment in equity securities OOO 11.2 1.8 13.0 3 36.0 January 05, 2022 Investment in bonds Cash >> 36.0