please complete by 9 pm

The following selected transactions relate to investment activities of Ornamental insulation Corporation during 2024. The company buys equity securities as noncurrent investments. None of Ornamental'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 31,2023. March 31 Acquired Distribution Transformers Corporation comon stock for $450,000. Septenber 1 Acquired \$975, 000 of American Instruments' comon stock. September 30 Received a $18, eee dividend on the Distribution Transformers common stock. october 2 Sold the Distribution Transformers comon stock for $480,000. Novetber 1 Purchased $1,450, 0ee of Nab Corporation comon stock. Decenber 31 Recorded any necessary adjusting entry (s) relating to the investnents. The market prices of the investients are: American Instruments common stock wob eorporation Common stock $920,000 $1,525,000 Required: 1. Prepare the appropriate journal entry for each transaction or eventduring 2024 , as well as any adjusting entries necessary at year end: 2. 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. Include totals for net income, comprehensive income, ond retained earnings as a resuit of these investments. ignore income taxes. Journal entry worksheet Record the acquisition of Distribution, Transformers Corporation common stock for $450,000. Note: Enter debits before credits. comprehensive income, and 12/31/2024 balance sheet as a result of these investments. Include totals for net income, comprehensive income, and retained earnings as a result of these investments. Ignore income taxes