The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2021. The company buys der sceurities, intending to profit from short-term differences in price and maintaining them in an active trading portfolio Ornamental's fiscal year ands on December 31. No investments were held by Ornamental on December 31, 2020. Mar 31 Acquired 8% Distribution Transformers Corporation bonds costing $400,000 at face value Sep. I Acquired $900,000 of American Instruments' 10% bonds at face value. Sep 30 Received semiannual interest payment on the Distribution Transformers bonds, Oct 2 Sold the Distribution Transformers bonds for $425.000, Nov. 1 Purchased $1.400,000 of M&D Corporation 0% bonds at face value Dec. 31 Recorded any necessary adjusting entry) relating to the investments. The market prices of the investients are American Instruments bonds $ $30,000 M&D Corporation bonds $ 1.460.000 Interest must be acerued The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2021. The company buys debt securities, intending to profit from short-term differences in prioc and maintaining them in an active trading portfolio Ornamental's fiscal year ends on December 31. No investments were held by Ornamental on December 31, 2020. Mar 31 Aequired 8% Distribution Transformers Corporation bonds costing $400.000 ar face value. Sep. I Acquired $900,000 of American Instruments' 10% bonds at face value. Sep 30 Received semiannual interest payment on the Distribution Transformers bonds, Oct. 2 Sold the Distribution Transformers bonds for $425.000 Nov. 1 Purchased $1,400,000 of M&D Corporation 6% bonds at the value Dec 31 Recorded any necessary adjusting entry(s) relating to the investments. The market prices of the investments are American Instruments bonds SS50.000 M&D Corporation bonds $ 1.460.000 Hint Interest must be accrued.)