Macy Company made the following investments in the year $2023$:

Mar $2$ Purchased $1,000,000$ Playful ordinary shares for $$31,000,$ including $$7,000$ commission expense. The investment is classified as trading.

July $1$ Purchased $5-$year, $$1,000,000$ Alpha bonds with a $7\%$ interest rate and a $5\%$yield for $$1,087,520.$ The bonds are classified as held$-$for$-$collection investments

July $18$ Received cash dividends of $$2,000$ on the investment in Playful.

Sept $30$ Sold half of Playful ordinary shares for $$28,000$ with $$1,000$ commission expense.

Nov $1$ Purchased $500,000$ Tactic International preference shares for $$200,000$ and treated as non$-$trading.

Dec $31$ Recorded the necessary adjusting entry$($s$)$ relating to the investments. The market prices of the investments are $$0\mathrm{.}05$ per share for Playful $,$$$0\mathrm{.}6$ forTactic preference shares and $$1,060,000$ for Alpha bonds

Required:

Prepare the journal entries related to the investments in Macy Company $($Specify the date clearly and round the amounts to the nearest dollar$).$