Mc 4 Johnson Inc's non strategic investment portfolio at December 31, 2022, consisted of the following 2 10, Xavier Corp, common shares $150,00 14 Young Inc. common shares 124,000 Zed Corp. comon shares 75.400 41,200 73,828 3, "The fair value adjustments were recorded on December 31, 2022 P Johnson had no other debt and equity investments at December 31, 2022, other than those shown above. During 023, Johnson engaged in the fullowing transections 2023 Jan.17 Sale 95e common shares of Young Inc. for $45,000. Johnson Inc. planned to hold these shares for less than one year. Her. 3 Purchased 5,400 common shares of Allen Corp. for $324,000. The shares regresmit a 30% ownership in alles Corp. June 7 Receivet dividends from Alles Corp. at the rate of $2,90 per share. Aug 14 Sold the redning Young Inc. shares at $31.00. Nov. 28 Purchased a 5% ownership in Devis Corp. By acquiring 18,400 common shares at a total of $92,560. Johnson Inc. will sell these shares in six to nine months. Dec. 30 Sold 10,600 shares of Xavier Corporation for $166,400. Dec. Alles Corp. announced a net profit of $282,000 for the year, Required: Journalize the above transactions Journal entry worksheet 3 4 5 6 7 Record the sale of equity investment. nota ar de before t