The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company buys debt securities, intending to profit from short-term differences in price and maintaining them in an active trading portfolio Ornamental's fiscal year ends on December 31. No investments were held by Ornamental on December 31, 2017 Mar. 31 Acquired 8% Distribution Transformers Corporation bonds costing $490,000 at face value Sep. 1 Acquired $1,170,000 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 $560,000 Nov. 1 Purchased $1,850,000 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 M&D Corporation bonds $1,129,000 $1,919,000 (Hint: Interest must be accrued.) Required 1Required 2 Prepare the appropriate journal entry for each transaction or event during 2018, as well as any adjusting entries n year end. (If no entry is required for a transaction/event, select "No journal entry required" in the first account fie 0 Date General Journal Debit Credit March 31, 2018 Investment in Distribution Transformers bonds 490,000 Cash 490,000 September 01, 201 Investment in American Instruments bonds 1,170,000 Cash 1,170,000 September 30, 201 Cash 19,600 Interest revenue 19,600 October 02, 2018 Fair value adjustment 70,000 Investment in Distribution Transformers bonds 0,000 October 02, 2018Cash 560,000 Investment in Distribution Transformers bonds 490,000 Unrealized holding loss-oCl 70,000 6 November 01, 2018 Investment in M&D Corporation bonds Cash 1,850,000 1,850,000 December 31, 2018 Interest receivable 39,000 Interest revenue 39,000 December 31, 2018 Interest receivable 18,500 Interest revenue 18,500 December 31, 2018Fair value adjustment 28,000 Investment in M&D Corporation bonds 28,000 Indicate any amounts that Ornamental Insulation would report in its 2018 income statement, 2018 statement of comprehensive income, and 12/31/2018 balance sheet as a result of these investments. (Amounts to be deducted should be indicated with a minus sign.) Income statement Interest revenue $ 77,100 70,000 Investment revenue $ 147,100 Statement of comprehensive income Net income Unrealized holding loss-oCl 28,000 Balance sheet Assets Current Assets Interest receivable $ 57,500 Balance sheet Assets Current Assets Interest receivable S 57,500 Investments Investment in Distribution Transformers bonds $ 3,020,000 Add: Fair value adjustment 28,000 3,048,000 Shareholders' Equity Common stock