Toyota Motor Company owns numerous investments in the stock of American companies. Assume that Toyota completed the following investment transactions:

\section*{\(19 \mathrm{X} 4\)}

May 1 Purchased 8,000 shares, which exceeds 20 percent, of the common stock of MIC Company at total cost of \(\$ 720,000\).

July 1 Purchased 1,600 additional shares of MIC Company common stock at cost of \(\$ 140,000\).

Sep. 15 Received semiannual cash dividend of \(\$ 1.40\) per share on the MIC investment.

Oct. 12 Purchased 1,000 shares of JAX Corporation common stock as a short-term investment, paying \(\$ 221 / 2\) per share.

Dec. 14 Received semiannual cash dividend of \(\$ 0.75\) per share on the JAX investment.

Dec. 31 Received annual report from MIC Company. Net income for the year was \(\$ 350,000\). Of this amount, Toyota's proportion is 21.25 percent.

The current market value of the JAX stock is \(\$ 20,700\).

\(19 \mathrm{X} 5\)

Feb. 6 Sold 1,920 shares of MIC stock for net cash of \(\$ 169,700\).

\section*{Required}

Record the transactions in the general journal of Toyota Motor Company.