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

Debt and Equity Investments$*$ Cost Fair Value

$11,500$ Xavier Corp. common shares $ $188,025$ $ $166,750$

$2,000$ Young Inc. common shares $104,00099,200$

$135,000$ Zed Corp. common shares $44,50040,100$

$*$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 $1,500$ common shares of Young Inc. for $$72,000.$ Johnson Inc. planned to hold these shares for less than one year.

Mar. $3$ Purchased $6,500$ common shares of Allen Corp. for $$390,000.$ The shares represent a $30\%$ ownership in Allen Corp.

June $7$ Received dividends from Allen Corp. at the rate of $$4\mathrm{.}00$ per share.

Aug. $14$ Sold the remaining Young Inc. shares at $$33\mathrm{.}00.$

Nov. $28$ Purchased a $5\%$ ownership in Davis Corp. by acquiring $11,500$ common shares at a total of $$102,350.$ Johnson Inc. will sell these shares in six to nine months.

Dec. $30$ Sold $11,500$ shares of Xavier Corporation for $$184,000.$

Dec. $31$ Allen Corp. announced a net profit of $$287,500$ for the year.

Required:

Journalize the above transactions.