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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

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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 , Johnson engaged in the following transactions: Jan.17 Sold 1,300 common shares of Young Inc. for $62,400. Johnson Inc. planned to hold these shares for less than one year. Mar. 3 Purchased 6,100 common shares of Allen Corp. for $366,000. The shares represent a 30% ownership in Allen Corp. June 7 Received dividends from Allen Corp. at the rate of $3.60 per share. Aug.14 Sold the remaining Young Inc. shares at $32.60. Nov. 28 Purchased a 5% ownership in Davis Corp. by acquiring 11,100 common shares at a total of $98,790. Johnson Inc. will sell these shares in six to nine months. Dec.30 Sold 11,100 shares of Xavier Corporation for $177,600. Dec. 31 Allen Corp. announced a net profit of Required: Journalize the above transactions. Analysis Component: Assume the Allen Corp. shares were sold on January 16 , 2024 , for $375,000. Calculate the investment income or loss and select whether it is unrealized/realized

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