The following selected transactions relate to investment activities of Omamental Insulation Corporation during 2021. The company buys equity securities as noncurrent investments. None of Omamental's Investments are large enough to exert significant influence on the investee. Omamental's fiscal year ends on December 31. No investments were held by Ornamental on December 31, 2020 Mar. 31 Mare Distribution Transformers Corporatio n for $40. Sep. 1 equired 60,000 of American Internal como stock. Sep. 5 Received a $15.400 dividend on the Distribution Transformer como stock. Det. 2 Bold the Distribution Transformers come stock for ,000. No. Purchased 01.040,000 o Corporation Dec. 31 Recorded any ry adjust tries relating to the investments erine MD Corporation Rock . echt Required 2. Prepare the appropriate journal entry for 2. Indicate any amoures that Ornamental Insulation Income, and a2021 balance sheet as a result of retained earings as a result of these investments touring 2021, as well as any austing entries necessary at year, 021 income statement 2021 statement of comprehensive Include toals for net income, comprehensive income, and comprehensive income, and 12/31/2021 balance sheet as a result of these investments. Include totals for ne comprehensive income, and retained earnings as a result of these investments. 15,400 39,000 54,400 Book 54,400 Print Income statement: Dividend revenue Gain on investments Net income Statement of comprehensive income: Net income Other comprehensive income Comprehensive income Balance sheet: Assets Current Assets Cash Herences $ 1,440,000 Noncurrent Assets Investments in equity securities Add: Fair value adjustment Shareholders' Equity Retained earnings 10,000 $ 10,000