need help on second part

The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company buys debt securities, intending to profit from short-term differences in price and maintaining them in an active trading portfolio. Ornamental's fiscal year ends on December 31. No investments were held by Ornamental on December 31, 2017 Mar. 31 Acquired 8% Distribution Transformers Corporation bonds costing $400,009 at face value. Sep. 1 Acquired $900,000 of American Instruments' 10% bonds at face value. Sep. 30 Received semiannual interest payment on the Distribution Transformers bonds. Oct. 2 Sold the Distribution Transformers bonds for $425,000 Nov. 1 Purchased $1,400,000 of MD Corporation 6% bonds at face value. Dec. 31 Recorded any necessary adjusting entry(s) relating to the investments. The market prices of the investments are: American Instruments bonds MD Corporation bonds $ 350.000 $1,460.000 (Hint: Interest must be accrued.) Required: 1. Prepare the appropriate journal entry for each transaction or event during 2018, as well as any adjusting entries necessary at year end. 2. Indicate any amounts that Ornamental Insulation would report in its 2018 income statement 2018 statement of comprehensive income, and 12/31/2018 balance sheet as a result of these investments Answer is not complete. Complete this question by entering your answers in the tabs below. Prey of 12 Next > CULLI UF Incorrect for the work you have completed so far, it does not indicate co No Date 1 March 31, 2018 Debit Credit General Journal Investment in Distribution Transformers bonds Cash 400,000 400,000 2 September 01,201 Investment in American Instruments bonds 900,000 Cash 900,000 September 30, 201 Cash Interest revenue 16,000 16,000 October 02, 2018 Fair value adjustment Unrealized holding gain 25,000 NI 25,000 425,000 October 02, 2018 Cash Investment in Distnbution Transformers bonds Fair value adjustment 400,000 25.000 November 01, 201 Investment in MSD Corporation bonds Cash 1400,000 1,400.000 7 December 31, 201 interest receivable interest revenue 30.000 Prev 9 of 12 Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so for. It does not indicate com 25,000 October 02, 2018 Fair value adjustment Unrealized holding gan-NI 25,000 October 02, 2018 Cash 425,000 Investment in stnbution Transformers bonds 400,000 25,000 Fair value adjustment November 01,201 Investment in M&D Corporation bonds 1,400,000 1400,000 30,000 December 31, 201 interest receivable Interest revenue 30 000 14.000 December 31, 201 Interest receivable Interest revenue 14.000 10.000 December 31, 201 Fat value adjuste Unrealized holding a 10.000 Required 2 > Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate Indicate any amounts that Ornamental Insulation would report in its 2018 Income statement, 2018 statement of comprehensive income, and 12/31/2018 balance sheet as a result of these investments. (Amounts to be deducted should be Indicated with a minus sign.). C Income statement Interest revenue Gain on trading securities 60,000 35,000 95.000 Net income Statement of comprehensive income Net Income Gain on trading securities 95 000 00 Balance sheet Ascots Current Assets Interest receivable Cash 80 BB S Investments Trading securities Add Fair value adjustment Shareholders' Equity Retained earings 2300.000 10,000 B O 3 2310,000 H o bo 16.00 The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company buys debt securities, intending to profit from short-term differences in price and maintaining them in an active trading portfolio. Ornamental's fiscal year ends on December 31. No investments were held by Ornamental on December 31, 2017 Mar. 31 Acquired 8% Distribution Transformers Corporation bonds costing $400,009 at face value. Sep. 1 Acquired $900,000 of American Instruments' 10% bonds at face value. Sep. 30 Received semiannual interest payment on the Distribution Transformers bonds. Oct. 2 Sold the Distribution Transformers bonds for $425,000 Nov. 1 Purchased $1,400,000 of MD Corporation 6% bonds at face value. Dec. 31 Recorded any necessary adjusting entry(s) relating to the investments. The market prices of the investments are: American Instruments bonds MD Corporation bonds $ 350.000 $1,460.000 (Hint: Interest must be accrued.) Required: 1. Prepare the appropriate journal entry for each transaction or event during 2018, as well as any adjusting entries necessary at year end. 2. Indicate any amounts that Ornamental Insulation would report in its 2018 income statement 2018 statement of comprehensive income, and 12/31/2018 balance sheet as a result of these investments Answer is not complete. Complete this question by entering your answers in the tabs below. Prey of 12 Next > CULLI UF Incorrect for the work you have completed so far, it does not indicate co No Date 1 March 31, 2018 Debit Credit General Journal Investment in Distribution Transformers bonds Cash 400,000 400,000 2 September 01,201 Investment in American Instruments bonds 900,000 Cash 900,000 September 30, 201 Cash Interest revenue 16,000 16,000 October 02, 2018 Fair value adjustment Unrealized holding gain 25,000 NI 25,000 425,000 October 02, 2018 Cash Investment in Distnbution Transformers bonds Fair value adjustment 400,000 25.000 November 01, 201 Investment in MSD Corporation bonds Cash 1400,000 1,400.000 7 December 31, 201 interest receivable interest revenue 30.000 Prev 9 of 12 Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so for. It does not indicate com 25,000 October 02, 2018 Fair value adjustment Unrealized holding gan-NI 25,000 October 02, 2018 Cash 425,000 Investment in stnbution Transformers bonds 400,000 25,000 Fair value adjustment November 01,201 Investment in M&D Corporation bonds 1,400,000 1400,000 30,000 December 31, 201 interest receivable Interest revenue 30 000 14.000 December 31, 201 Interest receivable Interest revenue 14.000 10.000 December 31, 201 Fat value adjuste Unrealized holding a 10.000 Required 2 > Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate Indicate any amounts that Ornamental Insulation would report in its 2018 Income statement, 2018 statement of comprehensive income, and 12/31/2018 balance sheet as a result of these investments. (Amounts to be deducted should be Indicated with a minus sign.). C Income statement Interest revenue Gain on trading securities 60,000 35,000 95.000 Net income Statement of comprehensive income Net Income Gain on trading securities 95 000 00 Balance sheet Ascots Current Assets Interest receivable Cash 80 BB S Investments Trading securities Add Fair value adjustment Shareholders' Equity Retained earings 2300.000 10,000 B O 3 2310,000 H o bo 16.00