required 1 and 2

all Metro by T-Mobile - 10:58 PM ezto.mheducation.com 3. Award 20.00 paints The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2021. The company buys equity securities as noncurrent investments. None of Omamental's investments are large enough to exert significant influence on the investee. Omamental's fiscal year ends on December 31. No investments were held by Omamental on December 31, 2020. Me.20 Acquired Distribution Transformers Corporation common stock for $590,060. so. ' Acquired $1,185,000 of Americari Instruments' common stock. 53."Rocalead a $20.630 dividend on the Distribution Transformers common stock. Ba. * Bold the Distribution Transformers common stock for $434, co0. Max. 1 Purchased $1.590,000 of MAD Corporation common stock. 24." Recorded any necessary adjusting entry(:) relating to the inrealments. The market prices of the inrealments are: American Instruments common stock $1.114 501 MAD Corporation common stock Required: 1. Prepare the appropriate journal entry for each transaction or event during 2021, as well as any adjusting entries necessary at year-end. 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. Complete this question by entering your answers in the tabs below. Exquired 1 Foquired 2 Prepare the appropriate journal entry for each transaction or event during 2021, as well as any adjusting entries necessary at year-end. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet