Johnson Inc.$$s non$-$strategic investment portfolio at December $31,2022,$ consisted of the following:

Debt and Equity Investments$*$ Cost Fair Value

$10,400$ Xavier Corp. common shares $ $170,040$ $ $150,800$

$1,450$ Young Inc. common shares $75,40071,920$

$124,000$ Zed Corp. common shares $41,20036,800$

$*$The fair value adjustments were recorded on December $31,2022.$

Johnson had no other debt and equity investments at December $31,2022,$ other than those shown above. During $2023,$ Johnson engaged in the following transactions:

$2023$

Jan. $17$ Sold $950$ common shares of Young Inc. for $$45,600.$ Johnson Inc. planned to hold these shares for less than one year.

Mar. $3$ Purchased $5,400$ common shares of Allen Corp. for $$324,000.$ The shares represent a $30\%$ ownership in Allen Corp.

June $7$ Received dividends from Allen Corp. at the rate of $$2\mathrm{.}90$ per share.

Aug. $14$ Sold the remaining Young Inc. shares at $$31\mathrm{.}90.$

Nov. $28$ Purchased a $5\%$ ownership in Davis Corp. by acquiring $10,400$ common shares at a total of $$92,560.$ Johnson Inc. will sell these shares in six to nine months.

Dec. $30$ Sold $10,400$ shares of Xavier Corporation for $$166,400.$

Dec. $31$ Allen Corp. announced a net profit of $$282,000$ for the year.

Required:

Journalize the above transactions.

Analysis Component:

Assume the Allen Corp. shares were sold on January $16,2024,$ for $$368,000.$ Calculate the investment income or loss and select whether it is unrealized$/$realized$?$