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The following selected transactions relate to investment activities of Omamental Insulation Corporation during 2024. 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 Omamental on December 31, 2023. March 31 Acquared 8\% Distribution. Transforeers corporation bonds costing 5516 , eed at face value. September I Acquired $1,230,090 of American Instrunents' 10 sonds at face value. Septenben 3e received seoiannual interest payent on the Distribution Iransformers bonds. Qctober 2 sold the Distribution Transformers bonds for $590, eee. Novesber 1 Purchased $1,950, eed of NSD Corporation 65 bonds at face value. Decenber 31 Recorded any necessary adjusting entry(s) relating to the investments. The narket prices of the investrents ane Anerican Instrunents bonds NED corporation bonds $1,181,00eg s. 2,021,009 (Hint: Interest must be accrued) Required: 1. Prepare the appropriate journal entry for each transoction or event during 2024 , as well as any acj usting entries neces 5 ary at yeat end 2. Indicate any amounts that Ornamental Insulation would report in its 2024 income statement, 2024 statement of comprehensive income, and 1231/2024 balance sheet as a-result of these investments, Include tolais for net income, comprehensive income. and retained earnings as a result of these investments. Ignore income taxes