The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2024 . The company buys equity securities as noncurrent imvestments. 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 Transforners Corporation conmon stock for $450,600. Septeaber 1 Acquired $975,000 of Anerican Instruments' comnon stock. September 30 Received a $18,000 dividend on the Dtstribution Iransforners coman stock. October 2 sold the Distribution Iransforners common stock for 1480,000 . November 1 purchased $1,450,000 of 480 corporation comon stock. Decenbec 31 Recorded any necessary adjusting entry(s) relating to the investeghts. The market prices of the investments are: American instruments common stock H8D Corporation comnon stock Required: 1. Prepare the appropriate journal entry for each transaction or event during 2024, as well as any adjusting entries necessary at: year end. 2. Indicate any amounts that Omamental Insulation would report in its 2024 income statement, 2024 statementof comprehensive income, and 12/31/2024 balance sheet as a result of these investments. Include lotals for net income, comptehensive income. and retained earnings as a result of these investments. Ignore income taxes. Complete this question by entering your answers in the tabs below. Prepare the appropriate fournal entry for each transaction or event during 2024 , as well as any adjusting entries neces5ary ot year end Note: If no entry is tequired for a transaction/event, selest "No fournal entry regulred" in the first account fieda. Indicate any amounts that Ornamental Insulation would report in its 2024 income statement, 2024 statement of comprehensive income, and 12/31/2024 balance sheet as a result of these investments. Inchide totals for net income, comprehensive income, and retained earnings as a result of these investments. Ignore income taxes