FINANCIAL ACCOUNTING II

On October $1,2021,$ The Dontfalemy Company made the following investments:

$2,100$ shares $(10\%)$ of the common stock of ABC Corp. for $$2,100,000.$

$2\%$ of the preferred stock of ABD, Inc. for $$3,720,000.$

$5,140$ shares $(8\%)$ of the common stock of The ABE Co$.$ for $$2,570,000.$

A $30\%$ interest in the ABF Corporation for $$3,360,000$

On December $30,2021,$ Dontfalemy acquired $600$ debentures of the ABG Company at

their face value, to be held to maturity.

As of December $31,2021,$ Dontfalemy made adjusting journal entries for these

investments, based on the following information.

The market value of the investment in ABC Corp. is $$2,650,000.$

The market value of the investment in ABD, Inc. is $$3,590,000.$

The market value of the investment in The ABE Co$.$ is $$2,840,000.$

The market value of the investment in the ABF Corporation, which had net

income for the year of $$2,300,000,$ is $$3,660,000.$

The market value of the investment in the ABG Company debentures is

$$625,000.$

Cash dividend payments received from the investments at December $31,2021$

totaled $$288,000,$ with $$121,000$ of that amount coming from the ABF

Corporation. The ABG Company will not make any interest payments until $2022.$

Prepare the journal entries that Donfalemy made for its investments at December $31,$