Maryam 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 $6 million, losses from selling trading securities were $12 million, and the company had earned $5 million in interest revenue. The following selected transactions relate to Maryams investments in trading securities and equity securities during December 2021.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. 2022 Dec. 12 Purchased GOOGLE Corporation bonds for $14 million. 13 Purchased 2 million shares of Ferry Intercommunications common stock for $28 million. American does not have significant influence over Ferry's operations or policies. 15 Sold the GOOGLE Corporation bonds for $14.6 million. 22 Purchased U.S. Treasury bills for $78 million and Treasury bonds for $80 million. 23 Sold half the shares of Ferry Intercommunications common stock for $13 million. 26 Sold the U.S. Treasury bills for $81 million. 27 Sold the Treasury bonds for $79 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 $13 per share. Required: 1. Prepare the appropriate journal entry for each transaction or event during 2022 including any year-end adjusting entries. 2. Indicate any amounts that Maryam would report in its 2022 balance sheet