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.31Acquired8% Distribution Transformers Corporation bonds costing $520,000 at face value.Sep.1Acquired $1,260,000 of American Instruments' 10% bonds at face value.Sep.30Received semiannual interest payment on the Distribution Transformers bonds.Oct.2Sold the Distribution Transformers bonds for $550,000.Nov.1Purchased $2,000,000 of M&D Corporation 6% bonds at face value.Dec.31Recorded any necessary adjusting entry(s) relating to the investments. The market prices of the investments are:

American Instruments bonds$1,212,000M&D Corporation bonds$2,072,000

(Hint: Interest must be accrued.)

2.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.

Indicate any amounts that Ornamental Insulation would report In Its 2018 Income statement, 2013 statement of comprehensive Income, and 12/31I2018 balance sheet as a result of these Investments. (Amounts to be deducted should be lndlcated wlth a minus sign.) Immune _ Statement of comprehensive income: _ Balance sheet: Current Assets 5.. Required 'I