Pronghorn Corporation, a Canadian$-$based international company that follows IFS, has the following securities in its portfolio of

investments acquired for trading purposes and accounted for using the FV$-$NI method on December $31,2022$:

Investments

$1\mathrm{.}300$ shares of David Jones Inc.. common

$4,900$ shares of Hearn Corp., common

$450$ shares of Alessandro Inc., preferred

Carrying Amount

$($before adjustment$)$

$$72\mathrm{.}500$

$166\mathrm{.}600$

$76\mathrm{.}500$

$$315,600$

Fair Value

$$67,900$

$161\mathrm{.}800$

$79\mathrm{.}000$

$$308,700$

In $2023,$ Pronghorn completed the following securities transactions:

Mar. $1$

Apr. $1$

Sold the $1,300$ common shares of David Jones at $$48$ per share, less fees of $$600.$

Bought $900$ common shares of Oberto Ltd$.$ at $$71$ per share, plus fees of $$1,100$

Pronghorn's portfolio of trading securities appeared as follows on December $31,2023$:

Investments

$4,900$ shares of Hearn Corp., common

$900$ shares of Oberto Ltd$.,$ common

$450$ shares of Alessandro Inc., preferred

Original Cost

$$166\mathrm{.}600$

$63\mathrm{.}900$

$76\mathrm{.}500$

Fair Value

$$161\mathrm{.}800$

$61\mathrm{.}600$

$74\mathrm{.}600$

Prepare Pronghorn general journal entry to record the purchase of the Oberto shares. $($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 O for

the amounts. List all debit entries before credit entries.$)$

Account Titles and Explanation

Debit

Credit