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Problem 12-6 (Static) Various transactions related to securities available-for-sale; financial statement effects [LO12-1, 12-4] The following selected transactions relate to investment activities of Omamental Insulation Corporation during 2024. The company buys debt securities, not intending to profit from short-term differences in price and not necessarily to hold debt securities to maturity, but to have them avallable for sale in years when circumstances warrant. Ornamentai's fiscal year ends on December 31 . No investments were held by Orramental on December 31, 2023. March 31 Acquired bx bistribution Transforners Corporation bonds costing 8400 , 080 at face value. September 1 Acquared s000, ene of Aserican instruments' 10% bonds at face value. Septenber 30 Alecelved seniannual interest paysent on the Distribution Transforsers bonds. october 2 Sold the Distribution Transformers bonds for $425,000. Novenber 1 purchased $1,460,600 of MSD corporation 6x bonds at face value. Decenber 31 Recorded any necessary adjusting eotry(s) relating to the investoents. The narket prices of the investinents are: (Hint: Interest must be accrued.) Required: 1. Prepare the appropriate journal entry for each transaction or event during 2024, as well as any adjusting entries necessary at year-end. For any sales, prepare entries to update the fair-value adjustment, record any reciassification adjustment, and record the sale