Record each of the following transactions and events of Hertz.

Note: Round to nearest whole dollar.

Year $1$

January $1$ Acquired $75,000$ shares of 'Thrifty common stock for $$531,000$ cash. Thrifty has $300,000$ shares of common stock outstanding, and its activities will be significantly influenced by Hertz.

August $31$ Thrifty declared and paid a cash dividend of $$1\mathrm{.}70$ per share.

December $31$ Thrifty reported net income for the year of $$504,900.$

Year $2$

August $31$ Thrifty declared and paid a cash dividend of $$3\mathrm{.}40$ per share.

December $31$ Thrifty reported net income for the year of $$730,400.$

December $31$ Hertz sold $9,000$ shares of Thrifty for $$131,000$ cash.

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

Acquired $75,000$ shares of Thrifty common stock for $$531,000$ cash. Thrifty has $300,000$ shares of common stock outstanding, and its activities will be significantly influenced by Hertz.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$January $1,$ Year $1],[,,,],[,,,],[,,,],[,,,]]$