The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2024. 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, 2023. March I1 Mcquired ot Dintribution Trannformera Corporation bonda conting $410, 000 at face value. Septenber 1 Acquired $930,000 of Anerican Instruneats 101 bonds at face value. Septeaber 30 Jecelved aemiannusl interest. payment on the Distribation Trahiformera bonds. oetober 2 sold the oistribetion transforner= bond for $440,000, Novenber 1 Purchased 51,450,000 of Hab Corpocation fi bonde at face value. December 31 Recorded any necensary adjusting entry(e) relating to the Investimnta. The Barket pricea of the inveatamentis aro (Hint: Interest must be accrued.) Required: 1. Prepare the appropriate journal entry for each transaction or event during 2024 , as well as any adjusting entries necessary at year end. 2. Indicate any amounts that Omamental insulation would report in its 2024 income statement, 2024 statement of comprehensive income, and 12/31/2024 balance sheet as a result of these Investments. Include totals for net income, comprehensive income, and retained earnings as a resuit of these investments. Ignore income taxes