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, Johnson engaged in the following transactions: 2023 Jan.17 sold 1,350 comoan shares of Young Inc, for \$64,8ae. Johnson Inc. planned to hold these shares for less than one year. Mar. 3 purchased 6,200 conson shares of Allen Corp. for $372,000. The shares represent a 300 ownership in Allen Corp. June 7 Received dividends from Atlen Corp. at the rate of $3.70 per share. Aug. 14 Sold the resoining Young Inc. shares at 532.70 . Nov.28 Purchased a 5t ownership in Davis Corp. by acquiring 11,20e comton shares at a total of 599,65e. Johnson Inc. witl selt these shares in six to nine nonths. Dec. 30 sold 11,20e shares of Xavier Corporation tor $179,200. Dec. 31 Atlen Corp. announced a net profit of $286, eed for the year. Required: Journalize the above transactions. Analysis Component: Assume the Allen Corp. shares were sold on January 16, 2024, for $376,000. Calculate the investment income or loss and select whether it is unrealized/realized? View transaction list (1) Record the sale of equity investment. 2 Record the purchase of 30% interest for $372,000. 3 Record the collection of dividends from strategic investment. 4 Record the sale of equity investment. 5 Record the purchase of 11,200 shares. 6 Record the sale of 11,200 shares. 7 Record the share of profits in investment in associate. Note : O= journal entry has been entered Record entry Clear entry View general journal