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

Debt and Equity Investments$*$ Cost Fair Value

$10,900$ Xavier Corp. common shares $ $178,215$ $ $158,050$

$1,700$ Young Inc. common shares $88,40084,320$

$129,000$ Zed Corp. common shares $42,70038,300$

$*$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 $1,200$ common shares of Young Inc. for $$57,600.$ Johnson Inc. planned to hold these shares for less than one year.

Mar. $3$ Purchased $5,900$ common shares of Allen Corp. for $$354,000.$ The shares represent a $30\%$ ownership in Allen Corp.

June $7$ Received dividends from Allen Corp. at the rate of $$3\mathrm{.}40$ per share.

Aug. $14$ Sold the remaining Young Inc. shares at $$32\mathrm{.}40.$

Nov. $28$ Purchased a $5\%$ ownership in Davis Corp. by acquiring $10,900$ common shares at a total of $$97,010.$ Johnson Inc. will sell these shares in six to nine months.

Dec. $30$ Sold $10,900$ shares of Xavier Corporation for $$174,400.$

Dec. $31$ Allen Corp. announced a net profit of $$284,500$ for the year.

Required:

Journalize the above transactions.

Analysis Component:

Assume the Allen Corp. shares were sold on January $16,2024,$ for $$373,000.$ Calculate the investment income or loss and select whether it is unrealized$/$realized$?$