number 2.

The answer is not -10,-11,-12,-10.8,-1.8 i have tried everything. please help!

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 $5 million, losses from selling trading securities were $10 million, and the company had earned $5 million in interest revenue. The following selected transactions relate to American's investments in trading 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 $14 million. 13 Purchased 2 million shares of Ferry Intercommunications common stock for $26 million. American does not have significant influence over Ferry's operations or policies. 15 Sold the FF&G Corporation bonds for $14.2 million. 22 Purchased U.S. Treasury bills for $52 million and Treasury bonds for $67 million. 23 Sold half the shares of Ferry Intercommunications common stock for $11 million. 26 Sold the U.S. Treasury bills for $54 million. 27 Sold the Treasury bonds for $66 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 $11 per share. 2022 Jan. 2 Sold the remaining Ferry Intercommunications common stock shares for $11.2 million. 5 Purchased Warehouse Designs Corporation bonds for $36 million. Required: 1. Prepare the appropriate journal entry for each transaction or event during 2021 including any year-end adjusting entries. 2. Indicate any amounts that American would report in its 2021 balance sheet and income statement as a result of these investments. 3. Prepare the appropriate journal entry for each transaction or event during 2022. ($ in millions) Balance sheet: Current Assets Investments in equity securities Less: Fair value adjustment $ 13.0 2.0 Total $ 11.0 $ 0.2 5.0 Income statement: Other revenue (expenses): Dividend revenue (December) Interest revenue (first 11 months) Total interest and dividend revenue Gain (loss) on investments: Gain on investments (December) Loss on investments (December) Loss on investments (first 11 months) $ 5.2 2.2 (5.0) (13.0) X Net loss on investments (15.8) Total other revenue (expenses) General Journal Debit Credit Date December 12, 2021 1 Investment in bonds 14.0 Cash 14.0 December 13, 2 Investment in equity securities 26.0 2021 Cash 26.0 3 December 15, 2021 Fair value adjustment 0.2 Gain on investment (unrealized, NI) 0.2 4 December 15, 2021 Cash 14.2 14.0 Investment in bonds Fair value adjustment 0.2 5 December 22, 2021 Investment in bonds 119.0 Cash 119.0 6 December 23, 2021 2.0 Loss on investment (unrealized, NI) Fair value adjustment 2.0 7 December 23, 2021 Cash 11.0 2.0 Fair value adjustment Investment in equity securities 13.0 8 December 26, 2021 Fair value adjustment 2.0 Gain on investment (unrealized, NI) 2.0 9 December 26 2021 Cash 54.0 2.0 Fair value adjustment Investment in bonds 52.0 > 10 December 27, 2021 Loss on investment (unrealized, NI) 1.0 Fair value adjustment 1.0 11 December 27, 2021 Cash 66.0 Fair value adjustment 1.0 Investment in bonds 67.0 12 December 28, 2021 Cash 0.2 Dividend revenue 0.2 13 December 31, 2021 2.0 Loss on investment (unrealized, NI) Fair value adjustment 2.0