The following events are for Toronto Investment Inc.:

$2023$

Jan. $14$ Purchased $18,000$ shares of Quatro Inc. common shares for $$156,900($including transaction fees of $$50).$ Quatro has $90,000$ common shares outstanding and has acknowledged the fact that its policies will be significantly influenced by Toronto.

Oct. $1$ Quatro declared and paid a cash dividend of $$2\mathrm{.}60$ per share.

Dec. $31$ Quatro announced that profit for the year amounted to $$650,000.$

April $1$ Quatro declared and paid a cash dividend of $$2\mathrm{.}70$ per share.

Dec. $31$ Quatro announced that profit for the year amounted to $$733,100.$

$31$ Toronto sold $6,000$ shares of Quatro for $$104,320.$

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.$)$

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Journal entry worksheet

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$5$

$6$

Record the purchase of investment.

Note: Enter debits before credits.

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