I just need help with the second requirement.

These are the same choices for every part of the statements.

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 $7 million, losses from selling trading securities were $10 million, and the E company had earned $5 million in interest revenue. The following selected transactions relate to American's investments in trading E 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 $15 million. 13 Purchased 2 million shares of Ferry Intercommunications common stock for $30 million. American does not have significant influence over Ferry's operations or policies. 15 Sold the FF&G Corporation bonds for $15.7 million. 22 Purchased U.S. Treasury bills for $80 million and Treasury bonds for $81 million. 23 Sold half the shares of Ferry Intercommunications common stock for $12 million. 26 Sold the U.S. Treasury bills for $84 million. 27 Sold the Treasury bonds for $75 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 $12 per share. 2022 Jan. 2 Sold the remaining Ferry Intercommunications common stock shares for $12.1 million. 5 Purchased Warehouse Designs Corporation bonds for $50 million. Required: 1. Prepare the appropriate journal entry for each transaction or event during 2021 including any year-end adjusting entries. 2. Indicate any amounts that American would report in its 2021 balance sheet and income statement as a result of these investments. 3. Prepare the appropriate journal entry for each transaction or event during 2022. General Journal Credit No 1 Date December 12, 2021 Investment in bonds Cash Debit 15.0 15.0 2 30.0 December 13, 2021 Investment in equity securities Cash 30.0 3 0.71 December 15, 2021 Fair value adjustment Gain on investment (unrealized, NI) 4 - 15.7 December 15, 2021 Cash Investment in bonds 5 161.0 December 22, 2021 Investment in bonds Cash 161.0 6 3.0 December 23, 2021 Loss on investment (unrealized, NI) Fair value adjustment 3.0 7 December 23, 2021 Cash Investment in equity securities 8 4.0 December 26, 2021 Fair value adjustment Gain on investment (NI) 9 84.0 December 26, 2021 Cash Investment in bonds 10 December 27, 2021 Loss on investment (unrealized, NI) Fair value adjustment December 27, 2021 Cash Investment in bonds 12 December 28, 2021 Cash Dividend revenue 13 December 31, 2021 Loss on investment (unrealized, NI) Investment in equity securities ($ in millions) Balance sheet: Current Assets Investments in equity securities $ (19.1) Total $ (19.1) Income statement: Other revenue (expenses): $ 0.0 Total interest and dividend revenue Gain (loss) on investments: Income statement Other revenue (expenses): Total interest and dividend revenue Gain (loss) on investments: Total other revenue (expenses) $ 0.0 Total interest and dividend revenue Gain (loss) on investments: Dividend revenue (December) Gain on investments (December) Gain on investments (first 11 months) Interest revenue (first 11 months) Investment in bonds Total other revenue (expenses) Interest revenue (first 11 months) Investment in bonds Investments in equity securities Loss on investments (December) Loss on investments (first 11 months) Total other revenue (expenses)