Amalgamated General Corporation is a consulting firm that alsooffers financial services through its credit division. From time totime the company buys and sells securities. The following selectedtransactions relate to Amalgamated’s investment activities duringthe last quarter of 2018 and the first month of 2019. The onlysecurities held by Amalgamated at October 1 were $45 million of 10%bonds of Kansas Abstractors, Inc., purchased on May 1 at face valueand held in Amalgamated’s trading portfolio. The company’s fiscalyear ends on December 31.

2018
Oct.		18		Purchased 2 million preferredshares of Millwork Ventures Company for $72 million.
		31		Received semiannual interest of$2.7 million from the Kansas Abstractors bonds.
Nov.		1		Purchased 10% bonds of HolisticEntertainment Enterprises at their $66 million face value, to beheld until they mature in 2025. Semiannual interest is payableApril 30 and October 31.
		1		Sold the Kansas Abstractors bondsfor $41 million because rising interest rates are expected to causetheir fair value to continue to fall. No unrealized gains andlosses had been recorded on these bonds previously.
Dec.		1		Purchased 12% bonds of HouseholdPlastics Corporation at their $70 million face value, to be helduntil they mature in 2028. Semiannual interest is payable May 31and November 30.
		20		Purchased U. S. Treasury bonds for$6.6 million as trading securities, hoping to earn profits onshort-term differences in prices.
		21		Purchased 4 million common sharesof NXS Corporation for $64 million, planning to earn profits fromdividends or gains if prevailing market conditions encouragesale.
		23		Sold the Treasury bonds for $6.9million.
		29		Received cash dividends of $3million from the Millwork Ventures Company preferred shares.
		31		Recorded any necessary adjustingentry(s) and closing entries relating to the investments. Themarket price of the Millwork Ventures Company preferred stock was$34.50 per share and $17.50 per share for the NXS Corporationcommon. The fair values of the bond investments were $63.7 millionfor Household Plastics Corporation and $17.7 million for HolisticEntertainment Enterprises.

2019
Jan.		7		Sold the NXS Corporation commonshares for $60 million.

Required:
Prepare the appropriate journal entry for each transaction orevent. (If no entry is required for a transaction/event,select "No journal entry required" in the first account field. Donot round intermediate calculations. Enter your answers in millionsrounded to 1 decimal place, (i.e., 5,500,000 should be entered as5.5).)