2017

Jan. 14 Purchased 18,000 shares of Queens Inc. common shares for $156,900. Queens has 90,000 common shares outstanding and has acknowledged the fact that its policies will be significantly influenced by Toronto.

Oct. 1 Queens declared and paid a cash dividend of $2.60 per share.

Dec. 31 Queens announced that profit for the year amounted to $650,000.

2018

April 1 Queens declared and paid a cash dividend of $2.70 per share.

Dec. 31 Queens announced that profit for the year amounted to $733,100.

31 Toronto sold 6,000 shares of Queens for $104,320.

Required:

Prepare general journal entries to record each transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round per share calculations to 2 decimal places.)