The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2021. The company buys debt securities, not intending to profit from short-term differences in price and not necessarily to hold debt securities to maturity, but to have them available for sale in years when circumstances warrant. Ornamentals fiscal year ends on December 31. No investments were held by Ornamental on December 31, 2020.

Mar.		31		Acquired 7% Distribution Transformers Corporation bonds costing $520,000 at face value.
Sep.		1		Acquired $1,080,000 of American Instruments 9% bonds at face value.
Sep.		30		Received semiannual interest payment on the Distribution Transformers bonds.
Oct.		2		Sold the Distribution Transformers bonds for $557,000.
Nov.		1		Purchased $1,560,000 of M&D Corporation 5% bonds at face value.
Dec.		31		Recorded any necessary adjusting entry(s) relating to the investments. The market prices of the investments are:

American Instruments bonds	$	1,018,000
M&D Corporation bonds	$	1,640,000

(Hint: Interest must be accrued.) Required: 1. 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 for cash is incorrect, and showing up as incomplete.

Income statement: Interest revenue $ 63,600 37,000 Gain on investments $ 100,600 $ 100,600 Net income Statement of comprehensive income: Net income Other comprehensive income: Gain on investments Reclassification adjustment Comprehensive income Balance sheet: $ 55,000 (37,000) 18,000 Assets Current Assets Interest receivable $ 45,400 2,603,000 Cash $ 2,640,000 18,000 $ 2,658,000 Noncurrent Assets Investment in bonds Add: Fair value adjustment Shareholders' Equity Accumulated other comprehensive income Retained earnings $ 18,000 100,600