The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2021. The company buys equity securities as noncurrent investments. None of Ornamental's investments are large enough to exert significant influence on the investee. Ornamental's fiscal year ends on December 31. No investments were held by Ornamental on December 31,2020 . Mar. 31 Acquired Distribution Fransformers Corporation common stock for $550,000. Sep. I hequired $1,125,000 of Ameriean Instrunents conson atook. Sep. 30 Received a $22,000 dividend on the Diatribution Transformers corthon atock. oet. 2 sold the Distribution Transformers cosmon stook for $590,000. Sov. I Purchased $1,550,000 of MtD Corporation common stock. Doo. 31 Recorded any necessary adjunting entry(a) rolating to the investmenta. The market pricea of the investinenta aret Required: 1. Prepare the appropriate journal entry for each transaction or event during 2021, as well as any adjusting entries necessary at yearend. 2. Indicate any amounts that Ornomental Insulation would report in its 2021 income statement, 2021 statement of comprehensive income, and 12/31/2021 baiance sheet as a result of these investments. Include totals for net income, comprehensive income, and retained earnings as a result of these investments. Compiete this question by entering your answers in the tabs below. Prepare the appropriate journsl entry for each transaction or event during 2021, as well as any adjusting entries necessary at