Dec.31 Allen Corp. announced a net profit of $282,500 for the year. Required: Journalize the above transactions. 1 Record the sale of equity investment. 2 Record the purchase of 30% interest for $330,000. 3 Record the collection of dividends from strategic investment. 4 Record the sale of equity investment. 5 Record the purchase of 10,500 shares. 6 Record the sale of 10,500 shares. 7 Record the share of profits in investment in associate. Note : = journal entry has been entered 7 Record the share of profits in investment in associate. Note : = journal entry has been entered Analysis Component: Assume the Allen Corp. shares were sold on January 16, 2024, for $369,000. Calculate the investment income or loss and select whether it is unrealized/realized? Johnson Inc.'s non-strategic investment portfolio at December 31, 2022, consisted of the following: *The fair value adjustments were recorded on December 31, 2022. Johnson had no other debt and equity investments at December 31, 2022, other than those shown above. During 2023, Johnson engaged in the following transactions: 2023 June 7 Received dividends from Allen Corp. at the rate of $3.00 per share. Aug. 14 Sold the remaining Young Inc. shares at $32.00. these shares in six to nine months. Dec. 30 Sold 10,500 shares of Xavier Corporation for $168,000. Dec.31 Allen Corp. announced a net profit of $282,500 for the year. Required: Journalize the above transactions