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Question: the following selected transactions relate to investment activities of ornamental...

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The following selected transactions relate to investment activities of Ornamental Insulation Corporation during 2018. The comRequired 1Required 2 Prepare the appropriate journal entry for each transaction or event during 2018, as well as any adjustinOctober 02, 2018Cash 560,000 Investment in Distribution Transformers bonds 490,000 Unrealized holding loss-oCl 70,000 6 NovemIndicate any amounts that Ornamental Insulation would report in its 2018 income statement, 2018 statement of comprehensive inBalance sheet Assets Current Assets Interest receivable S 57,500 Investments Investment in Distribution Transformers bonds $

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