Denver Co$.$ owns $29,000$ shares of common stock of Aspen Co$.$ as an investment. The balance of this investment account at January $1,2023$ is $$500,000($already recorded$).$ During $2023,$ Aspen Co$.$ reported total Net Income of $$3,000,000$ and paid total dividends of $$900,000$ to all shareholders. At Dec. $31,2023$ the fair value of Aspen Co$.$ stock was $$24$ per share. $($memos not required$)$

Assuming that the $29,000$ shares represent a $2\%$ interest in Aspen Co$.,$ prepare any entries that Denver Co$.$ should make to account for its investment in Aspen Co$.$ stock during $2023.$

Be sure to use proper form for journal entries by using spaces to show your debits and credits.