The answer is not 25000 either.

The following selected transactions relate to Investment activities of Ornamental Insulation Corporation during 2021. The company buys equity securities as noncurrent Investments. None of Ornamental's Investments are large enough to exert significant Influence on the Investee. Ornamental's fiscal year ends on December 31. No Investments were held by Ornamental on December 31, 2020. Mar. 31 Acquired Distribution Transformers Corporation common stock for $400,000. Sep. 1 Acquired $900,000 of American Instruments' common stock. Sep. 30 Received a $16,000 dividend on the Distribution Transformers common stock. Oct. 2 Sold the Distribution Transformers common stock for $425,000. Nov. 1 Purchased $1,400,000 of M&D Corporation common stock. Dec. 31 Recorded any necessary adjusting entry(s) relating to the investments. The market prices of the investments are: American Instruments common stock M&D Corporation common stock $ 850,000 $1,460,000 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 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. $ 16.000 35,000 51,000 $ Income statement: Dividend revenue Gain on investments Net income Statement of comprehensive income: Net income Other comprehensive income Comprehensive income Balance sheet: Assets 51,000 Oo ICO 51,000 Cash 35,000 Noncurrent Assets Investments in equity securities Add: Fair value adjustment Shareholders' Equity Retained eamings $ 2,300,000 10,000 2,310,000 $ 51,000