Handley Ltd$.$ acquired $42\%$ of the common shares of Lecce Ltd$.$ on January $1,2024,$ by paying $$5\mathrm{.}68$ million for $142,000$ shares. Lecce declared a cash dividend of $$0\mathrm{.}60$ per share in each quarter that Handley received on March $20,$ June $20,$ September $20,$ and December $20.$ Lecce reported a net income of $$1\mathrm{.}42$ million for the year. On December $31,$ the market price of the Lecce shares was $$44$ per share.

Prepare the journal entries for Handley for $2024,$ assuming Handley can not exercise significant influence over Lecce and uses the fair value through the profit or loss model. The intention is to hold the investment for the long term.