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Johnson had no other debt and equity investments at December 31,2022 , other than those shown above. Duri begin{tabular}{|l|l||} hline 2023 & hline Jan.17
Johnson had no other debt and equity investments at December 31,2022 , other than those shown above. Duri \begin{tabular}{|l|l||} \hline 2023 & \\ \hline Jan.17 & Sold1,100commonsharesofYoungInc.for$52,800.JohnsonInc.plannedtoholdthesesharesforlessthanoneyear. \\ \hline Mar.3 & Purchased5,700commonsharesofAllenCorp.for$342,000.Thesharesrepresenta30%ownershipinAllenCorp. \\ \hline June7 & Received dividends from Allen Corp. at the rate of $3.20 per share. \\ \hline Nov.28 & Purchaseda5%ownershipinDavisCorp.byacquiring10,700commonsharesatatotalof$95,230.JohnsonInc.willsellthesesharesinsixtoninemonths. \\ \hline \hline Dec.31 & Allen Corp. announced a net profit of $283,500 for the year. \\ \hline \hline \end{tabular} Required: Journalize the above transactions. (Show all calculations, if required)
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