in the following transactions:

$2023$

Jan. $17$ Sold $750$ common shares of Young Inc. for $$36,000.$ Johnson Inc. planned to hold these shares for less than one year.

Mar. $3$ Purchased $5,000$ common shares of Allen Corp. for $$300,000.$ The shares represent a $30\%$ ownership in Allen Corp.

June $7$ Received dividends from Allen Corp. at the rate of $$2\mathrm{.}50$ per share.

Aug. $14$ Sold the remaining Young Inc. shares at $$31\mathrm{.}50.$

Nov. $28$ Purchased a $5\%$ ownership in Davis Corp. by acquiring $10,000$ common shares at a total of $$89,000.$ Johnson Inc. will sell these

shares in six to nine months.

Dec. $30$ Sold $10,000$ shares of Xavier Corporation for $$160,000.$

Dec. $31$ Allen Corp. announced a net profit of $$280,000$ for the year.

Required

Journalize the above transactions.