The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 202L 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 Omamental on December 31, 2020 Mare Acquired Distribution Transformers Corporation bonds costing 549,00 at Face value Sep. Acquired 51,170,000 of merican Instruments ronds at face value Sep. Jo Received seniannual interest payment on the Distribution Transformers bonds. Oct. 2 Sold the Distribution Transformers bonds for 5560,000 hov. 1 Purchased 51,ase, cea of MD Corporation ex 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 HD Corporation bonds $1,129,000 31,919, (Hint Interest must be accrued) Required: 1. Prepare the appropriate journal entry for each transaction or event during 2021, as well as any adjusting entries necessary at year end 2. Indicate any amounts that Ornamental Insulation would report in its 2021 Income statement, 2021 statement of comprehensive income, and 12/31/2021 balance sheet as a result of these investments include totais for net income, comprehensive income, and retained earnings as a result of these investments Required 1 Required 2 Prepare the appropriate journal entry for each transaction or event during 2021, as well as any adjusting entries necessary year end. (If no entry required for a transactio event, select "No journal entry required in the first account field) View transaction list Journal entry worksheet 3 4 5 6 7 8 9 Record the acquisition of Distribution Transformers Corporation bonds costing $490.000 at face value. Net Enter debit borcudits General Journal Debit Credit Date March 21, 2021 Claude Viewer ournal Journal entry worksheet Record the entry to adjust to fair value on the date of sale of the Distribution Transformers bonds. Note: Enter debits before credits. General Journal Debit Credit Date October 02, 2021 Record entry Clear entry View general journal Journal entry worksheet Record the entry for sale of Distribution Transformers bonds for $560,000. Note: Enter debits before credits Date General Journal Debit Credit October 02. 2021 Record entry Clear entry View general journal Journal entry worksheet Record the interest accrual for American Instruments bonds. Note: Enter debits before credits General Journal Debit Date December 31. 2021 Credit Record entry Clear entry View general journal Journal entry worksheet