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The following selected transactions relate to investment activities of Omamental Insulation Corporation during 2024. The company buys equily securities as noncurrent investments. None of Omamental's investments are large enough to exert significant influence on the investee. Ornamenta's fiscal year ends on December 31. No investments were held by Ornamental on December 31, 2023. March 31 Moquired Distribution Transforners Corporation comon stoek for 5400,000. leptenber i hoquirnd $900,000 of American thstruments ecomon stoek. Siepteaber 19 Recoived a $16,600 dividend on the Distribution Trasaforsers common stock. Oetober 2 sold the Dintribution fransformers eomen stoek for $425,000. Noveaber I Purehased 51,400,000 of MLD Corporation ecomon ntock. Decenber 31 Recorded any necessary adjosting entry (e) relating to the investants. The market priees of the inveatmonta are: Anertean Instrunests oomos stock 5850,000 Mts Corporation ecenton atock. \$ 2,460,000 Required: 1. Prepare the appropriate journal entry for each transaction or event during 2024 , as well as any adjusting entries necessary at year end 2. Indicate any amounts that Omamental Insulation would repont in ins 2024 income statement, 2024 statement of comprehensive income, and 12/31/2024 balance sheet as o result of these investments. Include totals for net income, comprehensive income, and retained earnings as a result of those investments. Ignore income taxes. Complete this question by entering your answers in the tabs befow. Indicate any amounts that Ornamental Insulation would report in its 2024 income statement, 2024 statement of comprehensive income, and 12/31/2024 balance sheet as a result of these investments. Include totals for net income. comprehensive income, and retained earnings as a result of these investments. Ignore income taxes