On March $31,2024,$ Chow Brothers, hcorporawd, bowght $7\%,$ of KT Merufacturing's capisal stock for $$53,6$ milion. KT$\text{'}$s net income for the year eaded December $31,2024,$ was $$812$ milkn. The for value of the shares held by Chow was $$37\mathrm{.}4m$ ilion at December $31,2024$ KT did not declare oc pry a dividond during $2024$

Required:

Prepare al apprapriate journal emrics relesed to the riwsomiem ounng $2024$

Assume thet Chow sold the siack on Jartuary $20,2025,$ for $$312$ miligh. Prepare the foumal erturas to record the sale

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