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 price and maintaining them in an active trading portfolio. Ornamentals fiscal year ends 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.		1		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 face value.
Dec.		31		Recorded any necessary adjusting entry(s) relating to the investments. The market prices of the investments are

American Instruments bonds	$	850,000
M&D Corporation bonds	$	1,460,000

(Hint: Interest must be accrued.) Required: 1. Prepare the appropriate journal entry for each transaction or event during 2021, as well as any adjusting entries necessary at year end. 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.

Income statement:
Interest revenueselected answer correct	not attempted	$60,000selected answer correct
Gain on investmentsselected answer correct	not attempted	35,000selected answer correct
not attempted	not attempted	not attempted
Net income		$95,000
Statement of comprehensive income:
Net incomeselected answer correct		$95,000selected answer correct
Other comprehensive incomeselected answer correct		$0selected answer correct
Comprehensive income		$95,000
Balance sheet:
Assets
Current Assets
Interest receivableselected answer correct	not attempted	$44,000selected answer correct
Cashselected answer correct	not attempted	2,256,000selected answer incorrect
not attempted	not attempted	not attempted
Investments
Investment in bondsselected answer correct	$2,300,000selected answer correct
Add: Fair value adjustmentselected answer correct	10,000selected answer correct	$2,310,000
Shareholders Equity
Retained earningsselected answer correct		$95,000selected answer correct

I need help with requirement 2 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.