The following select the transactions relate to the investment activities of ornamental insulation corporation during 2021 the company buys debit securities intending to profit from short term differences in price and maintaining them in an active trading portfolio ornamentals fiscal year's years on December 31 no investments where he'll buy ornamental on December 31, 2020

march 31 acquired 8% distribution transformers corporation bonds costing 420,000 at face value

September 1 acquired $960,000 of American instruments 10% bobds at face value

September 30 received semi annual interest payment on the distribution transporters bonds

October 2 so the distribution chairs porters bars for 455,000

November 1 purchased $1,500,000 of M&D corporation 6% bonds at face value

December 31 recorded any necessary adjusting entries related to the investment the market price of the investments are

American instrument bonds. $912,000

M&D corporation bonds. $1,562,000

1. prepare the appropriate journal entry for each transaction or even during 2021 as well is any adjusting entries necessary at your end

2. indicate any amounts that ornamental insulation will report in his 2021 income statement 2021 statement of comprehensive income and December 31, 2021 and balance sheet as a result of these investments include totals for net income Comprehensive income and retained earnings as a result of these investments