Woodland Inc. completed these long$-$term investment transactions during $2023$ and $2024.$

January $14,2023$ Purchased $1,100$ shares of Best Ltd$.,$ paying $$49\mathrm{.}00$ per share. Woodland intends to hold the investment for the indefinite future.

August $22,2023$ Received a cash dividend of $$5\mathrm{.}25$ per share on the Best Ltd$.$ shares.

December $31,2023$ Adjusted the Best Ltd$.$ investment to its current fair value of $$56,100.$

August $4,2024$ Woodland Inc. sold its investment in Best Ltd$.$ for $$53\mathrm{.}50$ per share.

Required

Requirement $1.$ Journalize the sale, excluding any brokerage commission expense.

On August $4,2024,$ Woodland Inc. sold its investment in Best Ltd$.$ for $$53\mathrm{.}50$ per share. $($Record debits first, then credits. Exclude explanations from journal entries.$)$