Johnson Inc.'s non-strategic investment portfolio at December 31, 2019, consisted of the following Debt and Equity Investments 11,300 Xavier Corp. common shares Cost $184,755 98,800 43,900 Fair Value $163,850 1,900 Young Inc. common shares 133,000 Zed Corp. common shares "The fair value adjustments were recorded on December 31, 2019. 94,240 39,500 Johnson had no other debt and equity investments at December 31, 2019, other than those shown above. During 2020, Johnson engaged in the following transactions: 2020 Jan.17 Sold 1,400 common shares of Young Inc. for $67,200. Johnson Inc. planned to hold these shares for less than one year. Mar. 3 Purchased 6,300 common shares of Allen Corp. for $378,000. The shares represent a 30% ownership in Allen Corp. June 7 Received dividends from Allen Corp. at the rate of $3.50 per share. Aug.14 Sold the remaining Young Inc. shares at $32.00. Nov.28 Purchased a 5% ownership in Davis Corp. by acquiring 11,300 common shares at a total of $100,570. Johnson Inc. will sell these shares in six to nine months. Dec.30 Sold 11, 300 shares of Xavier Corporation for $180,000. Dec.31 Allen Corp. announced a net profit of $266,500 for the year. Required: Journalize the above transactions.