The following events are for King Investment Inc.:

$2023$

Feb. $25$ Purchased $191,360$ shares of Jack Inc. common shares for $$170,620($including transaction fees of $$50).$ Jack has

$956,800$ common shares outstanding and has acknowledged the fact that its policies will be significantly

influenced by King.

$0$ct$.1$ Jack declared and paid a cash dividend of $$0\mathrm{.}50$ 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{.}35$ per share.

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

$31$ King sold $81,370$ shares of Jack for $$117,180.$

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.$)$