The following events are for Toronto Investment Inc.:

$2023$

Jan. $14$ Purchased $18,480$ shares of Quatro Inc. common shares for $$168,900($including transaction fees of $$50).$ Quatro has $92,400$ 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 $$3\mathrm{.}80$ per share.

Dec. $31$ Quatro announced that profit for the year amounted to $$662,000.$

April $1$ Quatro declared and paid a cash dividend of $$3\mathrm{.}90$ per share.

Dec. $31$ Quatro announced that profit for the year amounted to $$745,100.31$ Toronto sold $7,200$ shares of Quatro for $$110,320.$

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 worksheec

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Record the purchase of investment.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$Jan $14,,,,],[2023,,,],[,,,],[,,,],[,,,]]$