The following events are for King Investment Inc.:

$2023$

Feb. $25$ Purchased $195,100$ shares of Jack Inc. common shares for $$174,140($including transaction fees of $$50).$ Jack has $975,500$ common shares outstanding and has acknowledged the fact that its policies will be significantly influenced by King.

Oct. $1$ Jack declared and paid a cash dividend of $$0\mathrm{.}60$ per share.

Dec. $31$ Jack announced that profit for the year amounted to $$689,070.$

$2024$

April $1$ Jack declared and paid a cash dividend of $$0\mathrm{.}60$ per share.

Dec. $31$ Jack announced that profit for the year amounted to $$722,020.$

$31$ King sold $82,950$ shares of Jack for $$87,440.$

Required:

Prepare general journal entries to record each transaction. $($Round per share calculations to $2$ decimal places. Round your final answers to the nearest dollar.$)$