Required:

Prepare the appropriate journal entry for each transaction or event during $2024,$ as well as any adjusting entry necessary at year$-$end.

Indicate any amounts that Ornamental Insulation would report in its $2024$ income statement, $2024$ statement of comprehensive income,

and $12/31/2024$ balance sheet as a result of these investments. Include totals for net income, comprehensive income, and retained

earnings as a result of these investments. Ignore income taxes.