Robocop Corporation owns stock of Terminator, Inc. Prior to 2008, the investment was accounted for using the equity method. In early 2008, Robocop sold part of its investment in Terminator, and began using the fair value method. In 2008, Terminator earned net income of $80,000 and paid dividends of $95,000. Prepare Robocop’s entries related to Terminator’s net income and dividends, assuming Robocop now owns 8% of Terminator’s stock.