The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2021. The company buys equity securities as noncurrent investments. None of Ornamentals investments are large enough to exert significant influence on the investee. Ornamentals fiscal year ends on December 31. No investments were held by Ornamental on December 31, 2020.

Mar.		31		Acquired Distribution Transformers Corporation common stock for $450,000.
Sep.		1		Acquired $975,000 of American Instruments' common stock.
Sep.		30		Received a $18,000 dividend on the Distribution Transformers common stock.
Oct.		2		Sold the Distribution Transformers common stock for $480,000.
Nov.		1		Purchased $1,450,000 of M&D Corporation common stock.
Dec.		31		Recorded any necessary adjusting entry(s) relating to the investments. The market prices of the investments are:

American Instruments common stock	$	920,000
M&D Corporation common stock	$	1,515,000