1 The following events are for Toronto Investment Inc. 2020 Jan. 14 Purchased 18,440 shares of Quatro Inc. common shares for $167,900. Quatro has 92,200 common shares outstanding and has acknowledged the fact that its policies will be significantly influenced by Toronto. Oct. 1 Quatro declared and paid a cash dividend of $3.70 per share. Dec. 31 Quatro announced that profit for the year amounted to $661,000. 2021 April 1 Quatro declared and paid a cash dividend of $3.80 per share. Dec. 31 Quatro announced that profit for the year amounted to $744,100. 31 Toronto sold 7,100 shares of Quatro for $109,820. Required: Prepare general journal entries to record each transaction. (Round per share calculations to 2 decimal places. Round your final answers to the nearest dollar.) View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the purchase of investment. Note: Enter debits before credits. Date Jan 14, 2020 General Journal Debit Credit View general journal Record entry Clear entry