Pronghorn Ltd$.$ is a Canadian publicly$-$traded business with a December $31$ fiscal year end. In order to get a better return on some of its excess cash, Pronghorn purchased $150$ common shares of AFS Corporation on July $1,2023$ at a price of $$5$ per share. Due to the nature of the investment, Pronghorn's management is accounting for the equity investment using the fair$-$value through other comprehensive income $($FV$-$OCI$)$ without recycling to net income. On August $1,2023,$ AFS declared dividends of $$\frac{1}{?}$ share, and paid those dividends on August $20,2023.$ On December $31,2023,$ shares in AFS were trading at $$7$ per share. On September $15,2024,$ Pronghorn sold the shares in AFS for $$8$ per share.

Prepare the journal entries required to record the above transactions on the books of Pronghorn Ltd$.($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. List all debit entries before credit entries. Record journal entries in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

Credit