The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2024 . The company buys equity securities as noncurrent investments. None of Ornamental'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 , 2023. March 31 Acquired Distribution Transformers Corporation conson stock for 5430,606. September 1 Acquired $945,080 of Aserican Instrunents common stock. Septenber 30 Received a $12,900 dividend on the Distribution Transforsers connion stock. october 2 sold the Distribution Transformers conoon stock for 5458,960. Novenber 1 Purchased $1,416,009 of MsD Corporation comnon stock. Decenber 31 Recorded any necessary adjusting entry(s) relating to the investments. The ararket prices of the investments are: Arierican Instrunents connon stock MsD Corporation connon stock 5.892,000 31,493,096 Required: 1. Prepare the appropriate journal entry for each trarssaction or event during 2024 , as well as any adjusting entries necessary at yeat end. 2. Indicate any amounts that Ornamental Insulation would report in its 2024 income statement, 2024 statement of comprehensive income, and 12/312024 balance sheet as a result of these investments. Include totals for net income, comprehensive income. and retained eamings as a result of these investments lgnore income taxes Complete this question by entering your answers in the tabs below. Indicate any amounts that Ornamental Insutation would report in its 2024 income statement, 2024 statement of comprehersive income, and 12/31/2024 balance sheet as a result of these investments. Include totals for net income, compreherisive income, and retained earmings as a result of these investments, fonore income taxes. 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