Pesci Limited acquired $45\%$ of Excel Corporation's $62,000$ common shares for $$15$ per share on January $1,2024.$ On June $15,$ Excel

declared a dividend of $$136,000$ and Pesci received its share of the dividend on the same day. On December $31,$ Excel reported net

income of $$303,000$ for the year. At December $31,$ Excel's shares were trading at $$20$ per share. Pesci accounts for this investment

using the equity method.

Pesci also acquired $15\%$ of the $367,000$ common shares of Gunther Ltd for $$28$ per share on March $18,2024.$ On June $30,$ Gunther

declared a $$316,000$ dividend and Pesci received its share of these dividends on that day. On December $31,$ Gunther reported net

income of $$594,000$ for the year. At December $31,$ Gunther's shares were trading at $$26$ per share. Pesci intends to hold on to the

Gunther shares as a long$-$term investment for the dividend income. Pesci uses the fair value through profit or loss model for this

investment.

Record the above transactions for the year ended December $31,2024.($List transactions in chronological order. List all debit entries before

credit entries. 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.$)$

Date

Account Titles and Explanation

Debit

Credit