The following selected transactions relate to Investment activities of Ornamental Insulation Corporation during 2018. The company buys debt securitles, Intending to profit from short-term differences In price and malntalning them In an active trading portfolio. Ornamentals fiscal year ends on December 31. No Investments were held by Ornamental on December 31, 2017 Mar. 31 Acquired 8% Distribution Transformers Corp ration bonds costing $48e,eee at face value. Sep 1 Acquired $1,148,88e of American Instruments' 1e% bonds at face value. Sep. 38 Received semiannual interest payment on the Distribution Transforners bonds Oct. 2 Sold the Distribution Transformers bonds for $545,80e Nov. 1 Purchased $1,800 ,eee of M&D Corporation 6% bonds at face value. Dec. 31 Recorded any necessary adjusting entry(s) relating to the investments. The market prices of the investments are American Instrunents bonds MSD Corporation bonds $1,098,888 $1,868,8e Hint Interest must be accrued.) Required: 1. Prepare the approprlate journal entry for each transaction or event during 2018, as well as any adjusting entrles necessary at year end. 2 Indicate any amounts that Ornamental Insulation would report In Its 2018 Income statement, 2018 statement of comprehenslve Income, and 12/31/2018 balance sheet as a result of these Investments