The following selected transactions relate to investment activities of Omamental Insulation Corporation during 2021. The company buys equity securities as noncurrent livestments. None of Omamental's investments are large enough to exert significant influence on the investee. Omamental's fiscal year ends on December 31. No investments were held by Omamental on December 31, 2020 Mar. 31 Acould Distribution Transformers Corporation common stock for $530, Sep 1 Acquires 31,110, of American Instruments on stock Septo Received $17,400 dividend on the Distribution Transformers common stock Oct. Sold the Distribution Transformers common stock for $623,000 Nov.1 Purchased $3,500,000 of MD Corporation common stock Dec. Recorded any necessary adjusting entry(s) relating to the investeents. The market prices of the investits are: American Instruments common stock O Corporation code stock 59,182,000 31,670,000 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 Complete this question by entering your answers in the tabs below. Required: Required 2 Prepare the appropriate journal entry for each transaction or event during 2021. as well as any adjusting entries necessary at year-end. (If he entry required for a transaction event, select "No journal untry required in the first account field.) Required 1 Required 2 Prepare the appropriate journal entry for each transaction or event during 2021, as well as any adjusting entries necessary at year end. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet