Question: please JUST DO REQUIREMENT 2!!! If done correctly will give thumbs up!! please do correctly ive posted this three times The following selected transactions relate

please JUST DO REQUIREMENT 2!!! If done correctly will give thumbs up!! please do correctly ive posted this three times
please JUST DO REQUIREMENT 2!!! If done correctly will give thumbs up!!
please do correctly ive posted this three times 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

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. Ornamental's fiscal year ends on December 31. No investments were held by Omamental on December 31,2020 . Mar, 31 Acquired Distribution Transformers Corporation commen stock for $490,060. Sep. 1 Acquired $1,035, 6ee of American Instruments' common stock. Sep. 3e Alecelved a $17,150 dividend on the Distribution Transforners comon stoek, oct. 2 Sold the Distribution Transformers comnon stock for $524,000. Now. 1 Purchased $1,500,000 of MSD Corporation connon stock. Dec. 31 Recorded any necessary adjusting entry(s) relating to the investaents. The market peices of the investnents are: Required: 1. Prepare the appropriate journal entry for each transaction or event during 2021 , as weil as any adjusting entries necessary at yearend. 2. Indicate any amounts that Ornamental Insulation would report in its 2021 income statement, 2021 statement of comprehensive income, and 12/31/2021 baiance sheet as a result of these investments. Include totais for net income, comprehenstive income, and retained earnings as a result of these investments. Complete this question by entering your answers in the tabs below. 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 retained earnings as a result of these investments. comprenensive income, and 1131/U1 balance sneet as a resuit or these investments. inciuce totals ror comprehensive income, and retained earnings as a result of these investments

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