The following events are for King Investment Inc.:Feb. $25$ Purchased $195,100$ shares of Jack Inc. common shares for $$177,660($including transaction fees of $$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{.}35$ per share.

Dec. $31$ Jack announced that profit for the year amounted to $$702,450.$

$2024$

April $1$ Jack declared and paid a cash dividend of $$0\mathrm{.}55$ per share.

Dec. $31$ Jack announced that profit for the year amounted to $$729,540.$

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.$)$