The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company buys equity securities as 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, 2017 Mar. 31 Acquired Distribution Transformers Corporation common stock for $44e,800. Sep. 1 Acquired $968,e00 of American Instruments common stock Sep. 38 Received a $15,480 dividend on the Distribution Transformers common stock. Oct. 2 Sold the Distribution Transformers common stock for $469,09. Nov. 1 Purchased $1,448,e 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 M&D Corporation common stock $ 986,888 $1,584,ee Required 1. Pr end. epare the appropriate journal entry for each transaction or event during 2018, as well as any adjusting entries necessary at year 2. Indicate any amounts that Ornamental Insulation would report in its 2018 income statement, 2018 statement of comprehenslve income, and 12/31/2018 balance sheet as a result of these investments. omplete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the appropriate journal entry for each transaction or event (If no entry is required for a transaction/event, select "No journal entry required" in the f entry for each transaction or event during 2018, as well as any adjusting entries necessary at year end View transaction list Journal entry worksheet Record the acquisition of Distribution Transformers Corporation common stock for $440,000. Note: Enter debits before credits Date General Journal Debit Credit March 31, 2018 Required: 1. Prepare the appropriate journal entry for each transaction or event during 2018, as well as any Juj end. 2. Indicate any amounts that Ornamental Insulation would report in its 2018 income statement, 2018s income, and 12/31/2018 balance sheet as a result of these investments 04:05-50 Complete this question by entering your answers in the tabs below Required 1 Required 2 Prepare the appropriate journal entry for each transaction or event during 2018, as well as any adjusting (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet Record the acquisition of $960,000 of American Instruments' common stock Note: Enter deblits before credits General Journal Debit Credit September 01,2018 Record entry Clear entry View general journal Required 2> Required: 1. Prepare the appropriate journal entry for each transaction or event during 2018, as well as any ac end. 2. Indicate any amounts that Ornamental Insulation would report in its 2018 income statement, 2018 income, and 12/31/2018 balance sheet as a result of these investments :31 Complete this question by entering your answers in the tabs below. Required 1 Required2 Prepare the appropriate journal entry for each transaction or event during 2018, as well as any adjustin (If no entry is required for a transaction/event, select "No journal entry required" in the first account fie View transaction list Journal entry worksheet Record the entry for dividend received on the Distribution Transformers common stock. Note: Enter debits before credts. bit Credit September 30, 2018 Record entry Clear entry View general journal Required 2> MSD Corporation c during 2018, as well as any adj Required: 1. Prepare the appropriate journal entry for each transaction or event end. 2. Indicate any amounts that Ormamental Insulation would report in its 2018 income statement, 2018 income, and 12/31/2018 balance sheet as a result of these investments Complete this question by entering your answers in the tabs below. Required 1Required 2 Prepare the appropriate journal entry for each transaction or event during 2018, as well as any adjusting (If no entry is required for a transaction/event, select "No journal entry required" in the first account fiel View transaction list 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 October 02, 2018 Debit Credit Record entry Clear entry View general journal Required 2> e Prepare the appropriate journal end. 2. Indicate any amounts that Ornamental Insulation would report in its 2018 income Requirea stateelIL . income, and 12/31/2018 balance sheet as a result of these investments. Complete this question by entering your answers in the tabs below. Required 1 Required2 Prepare the appropriate journal entry for each transaction or event during 2018, as well as any adjus (If no entry is required for a transaction/event, select "No journal entry required" in the first account View transaction list Journal entry worksheet Record the entry for sale Distribution Transformers common stock for $469,000. Note: Enter debits before credits. General Journal Debit Credit October 02, 2018 Record entry Clear entry View general journal Required t Required 2 Indicate any amounts that Ornamental ncome, and 12/31/2018 balance sheet as a result of these investmens Insulatu nd. 2. Complete this question by entering your answers in the tabs below. Prepare the appropriate journal entry for each transaction or event during 2018, as well as any adjus (If no entry is required for a transaction/event, select "No journal entry required" in the first account Required 1Required 2 View transaction list Journal entry worksheet Record the acquisition of $1,440,000 of M&D Corporation common stock. Note: Enter debits before credits. Date November 01, 2018 General Journal Debit Credit Record entry Clear entry View general journal RaqurodT Required 2 > Required: 1. Prepare the appropriate journal entry for each tralisa end. 2. Indicate any amounts that Ornamental Insulation would report in its 2018 income statement, 20 income, and 12/31/2018 balance sheet as a result of these investments. Complete this question by entering your answers in the tabs below. Required 1Required Prepare the appropriate journal entry for each transaction or event during 2018, as well as any adjust (If no entry is required for a transaction/event, select "No journal entry required" in the first account f View transaction list Journal entry worksheet Record the entry for Fair-value adjustment. Note: Enter debits before credits. General Journal December 31, 2018 Debit Credit Record entry Clear entry View general journal Required 2 > American Instruments common stock NSD Corporation common stock s 9e6,eee $1,584,eee Required: 1. Prepare the appropriate journal entry for each transaction or event during 2018, as well as any adjusting entri end. 2. Indicate any amounts that Ornamental Insulation would report in its 2018 income statement, 2018 statement income, and 12/31/2018 balance sheet as a result of these investments. Complete this question by entering your answers in the tabs below Required 1 Required 2 income statement, 2018 statement of Indicate any amounts that Ornamental Insulation would report in its 2018 income, and 12/31/2018 balance sheet as a result of these investments. Income statement Statement of comprehensive income: Balance sheet Assets Current Assets Shareholders' Equity