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$$s investments are large enough to exert significant influence on the investee. Ornamental$$s fiscal year ends on December $31.$ No investments were held by Ornamental on December $31,2023.$

March $31$ Acquired Distribution Transformers Corporation common stock for $$500,000.$

September $1$ Acquired $$1,050,000$ of American Instruments' common stock.

September $30$ Received a $$15,000$ dividend on the Distribution Transformers common stock.

October $2$ Sold the Distribution Transformers common stock for $$535,000.$

November $1$ Purchased $$1,500,000$ of M&D Corporation common stock.

December $31$ Recorded any necessary adjusting entry$($s$)$ relating to the investments. The market prices of the investments are:

American Instruments common stock $ $990,000$

M&D Corporation common stock $ $1,570,000$