The followng selected transactions relate to Investment activitles of Ornamental Insulation Corporation during 2021 . The company buys debt securitles, 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 Ornamental on December 31,2020. Mar. 31 Acquired go Distribution Transforners Corporation bonds costing $439,060 at face value. Sep. 1 Acquired $990,800 of Amer-ican Instrunents" 10% bonds at face value. Sep. 30 Recelved seniannual interest paynent on the Distribution Transformers bonds. Oct. 2 Sold the Distribution Transformers bonds for $479,690. Nov. 1 Purchased $1,558,890 of M\&D Corporation 6% bonds at face value. Dec. 31 Recorded any necessary adjusting entry(s) relating to the investrrents. The narket prices of the investrents are (Hint: Interest must be accrued.) Required: 1. Prepare the approprlate 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 totals for net Income, comprehensive Income, and retalned eamings as a result of these Investments. Complete this question by entering your answers in the tabs below. Prepare the appropriate journal entry for each transaction or event during 2021, as well as any adjusting entries necessary at year end. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)