The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. 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 when circumstances warrant Ornamental's fiscal year ends on December 31. No investments were held by Ornamental on December 31, 2017 Mar. 31 Acquired 7% Distribution Transformers Corporation bond scoting S440 ,000 at face value. Sep. 1 Acquired $960,000 of Ameri Sep. 30 Received semiannual interest payment on the Distribution Transformers bonds Oct. 2 Sold the Distribution Transformers bonds for $469,00 Nov. 1 Purchased $1,440,000 of M&D Corporation 5% bonds costing at face value Dec. 31 Recorded any necessary Instruments, 9% bonds at face value. can adjusting entry(s) relating to the investments. The market prices of the investments are: American Instruments bonds 906,000 M&D Corporation bonds $1,504,000 Hint Interest must be accrued)