The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2021. The company buys equity securities as noncurrent investments. None of Omamental's investments are large enough to exert significant influence on the investee, Omamental's fiscal year ends on December 31. No investments were held by Ornamental on December 31,2020. Mar. 31 Noquired Distribution Fransformern Corporation common mtock for $530,000. sep. 1 Acquired $1,095,000 of American Instruments' comenon atock. sep. 30 Recelved a $15,900 dividend on the Distribution Transformers common stock. oet. 2 sold the Dintribution Transtormere combon atoek for $568,000. Nov. I Parchabed $1,530,000 of MtD Corporation common atock. Deo. 31 Recorded any necessary adjuating entry (i) relating to the investmenti. the market prices of the investmenta are: 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 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. Record the acquisition of Distribution Transformers Corporation common stock for $530,000. Note: Enter debits before credits. Journal entry worksheet Record the acquisition of $1,095,000 of American Instruments' common stock. Note: Enter debits before credits. Journal entry worksheet Record the entry for dividend received on the Distribution Transformers common stock. Note: Enter debits before credits. Journal entry worksheet