there is 2 separate questions here, one at the beginning and one at the end!!!

Problem 12-7 Various transactions related to equity investments: fair value through net income [LO12-5 The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The company buys equity securities as investments. None of Ornamental'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 Ornamental on December 31, 2017 Mar. 31 Acquired Distribution Transformers Corporation common stock for $440,000. Sep. 1 Acquired $960, 000 of American Instruments common stock. Sep. 30 Received a $15,400 dividend on the Distribution Transformers common stock. Oct. 2 Sold the Distribution Transformers common stock for $469,000. Nov. 1 Purchased $1,440,000 of MSD Corporation common stock. Dec. 31 Recorded any necessary adjusting entry(s) relating to the investments. The market prices of the investments are: American Instruments common stock 906,000 M&D Corporation common stock $1,504, 000 Required: 1. Prepare the appropriate journal entry for each transaction or event during 2018, as well as any adjusting entries necessary at year end 2. Indicate any amounts that Ornamental Insulation would report in its 2018 income statement, 2018 statement of comprehensive income, and 12/31/2018 balance sheet as a result of these investments. Complete this question by entering your answers in the tabs below sm Prepare the appropriate journal entry for each transaction or event during 2018, as well as any adjusting entries necessary at (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the acquisition of Distribution Transformers Corporation common stock for $440,000. Note: Enter debits before credits. Date General Journal DebitCredit March 31, 2018 View transaction list Journal entry worksheet 2 4 5 6 Record the acquisition of $960,000 of American Instruments' common stock. Note: Enter debits before credits. Date General Journal Debit Credit September 01, 2018 Record entry Clear entry View general journal View transaction list Journal entry worksheet 3 4 6 7 Record the entry for dividend received on the Distribution Transformers common stock. Note: Enter debits before credits. Date General Journa Debit Credit September 30, 2018 Record entry Clear entry View general journal View transaction list Journal entry worksheet 2 6 Record the entry to adjust to fair value on the date of sale of the Distribution Transformers bonds. Note: Enter debits before credits. Date General Journal Debit Credit October 02, 2018 View general journal Record entry Clear entry K Prex 12 of 15 l Next> View transaction list Journal entry worksheet Record the entry for sale Distribution Transformers common stock for $469,000. Note: Enter debits before credits. General Journal Debit Credit Date October 02, 2018 View general journal Clear entry Record entry View transaction list Journal entry worksheet Record the acquisition of $1,440,000 of M&D Corporation common stock. Note: Enter debits before credits. Date General Journal Debin Credit November 01, 2018 Record entry Clear entry View general journal K Prev 12 of 15 li Next> View transaction list Journal entry worksheet 2 4 6 Record the entry for Fair-value adjustment. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2018 View general journal Clear entry Record entry Next > Problem 12-14 Equity Method [L012-6, 12-7) On January 2, 2018, Miller Properties paid $22 million for 1 million shares of Marlon Company's 6 million outstanding common shares. Miller's CEO became a member of Marlon's board of directors during the first quarter of 2018. The carrying amount of Marlon's net assets was $87 million. Miller estimated the fair value of those net assets to be the same except for a patent valued at $36 million above cost. The remaining amortization period for the patent is 10 years Marlon reported earnings of $36 million and paid dividends of $3 million during 2018. On December 31, 2018, Marlon's common stock was trading on the NYSE at $21.50 per share Required 2. Assume Miller accounts for its investment in Marlon using the equity method. Ignoring income taxes, determine the amounts related to the investment to be reported in its 2018 (Do not round intermediate calculations. Enter your answers in millions rounded to 1 decimal places, (i.e., 5,500,000 should be entered as 5.5 million a. Income statement b. Balance sheet c. Statement of cash flows milion million Operating cash flow Investing cash flow million KPrex 15 of 15 Next F1V0 F8