On April $1,2024,$ Sunland Company purchased $44,800$ common shares in Ecotown Ltd$.$ for $$13$ per share. Management has designated the investment as FVTOCI. On December $5,$ Ecotown paid dividends of $$0\mathrm{.}10$ per share and its shares were trading at $$15$ per share on December $31.$

Prepare the required entries to record the purchase, dividends, and year$-$end adjusting journal entry $($if any$)$ for this investment. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit. entries.$)$

Date

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Debit

Credit