Mar. 31 Acquired 7% Distribution Transformers Corporation bonds costing $440,000 at face value. Sep. 1 Acquired $960,000 of American Instruments' 9% bonds at face value. Sep. 30 Received semiannual interest payment on the Distribution Transformers bonds. Oct. 2 Sold the Distribution Transformers bonds for $469,000. Nov. 1 Purchased $1,440,000 of M&D Corporation 5% bonds at face value. Dec. 31 Recorded any necessary adjusting entry(5) relating to the investments. The market prices of the investments are: American Instruments bonds M&D Corporation bonds $ 906,000 $1,504,000 (Hint: Interest must be accrued.) Required: 1. Prepare the appropriate journal entry for each transaction or event during 2021, as well as any adjusting entries necessary at year end. For any sales, prepare entries to update the fair-value adjustment, record any reclassification adjustment, and record the sale. 2. Indicate any amounts that Ornamental Insulation would report in its 2021 income statement, 2021 statement of comprehensive income, and 12/31/2021 balance sheet as a result of these investments. Include totals for net income, comprehensive income, and retained earnings as a result of these investments