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Johnson Inc's non-strategic investment portfolio at December 31, 2022, consisted of the following: The fair value adjustments were recorded on December 31, 2022. Johnson had

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Johnson Inc's non-strategic investment portfolio at December 31, 2022, consisted of the following: 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, Johnsco engaged in the following transactions: 2023 Jan. 17 Sold 1,4en comon shares of Young Inc. for $67,26e. Jehnson Inc. planned to hold these shares for less than one year. Mar. 3 Purchased 6,3ee cosmon shares of Allen Corp. for 5378 , eea. The shares represent a 3es ownership in Allen Corp. June 7 Recelved dividends from Allen Corp. at the rate of 33 , Ba per share. Aug. 14 sold the renaining Young Inc. shares. at 532.80 . Nov.28 Purchased a S4 ownership in Davis Corp. by acquiring 11, 30e compon shares at a totat of s1eo, 570 . Johnson Inc. will sell these shares in six to nine nonths. Dec.3e Sold 11, 3ee shares of Xavier Corporation for s1se, seo. Dec.31 Allen Corp. announced a net profit of $786, see for the year. Required: Journalize the above transactions. Journal entry worksheet Note: Enter debits before credits: Analysis Component: Assume the Allen Corp, shares were sold on January 16, 2024, for $377,000. Calculate the investment income or loss and select Whether it is unrealized/realized

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