Prepare general journal entries to record the following events on the books of Akvar Company:

1990 Jan. 3 Purchased 10,000 shares of Betel Company for \(\$ 133,000\) plus broker's fee of \(\$ 1,890\). Betel Company has 50,000 shares of common stock outstanding and has acknowledged the fact that its policies will be significantly influenced by Akvar Company.
Oct. 15 Betel Company declared and paid a cash dividend of \(\$ 0.70\) per share.
Dec. 31 Betel Company announced that net income for the year amounted to \(\$ 77,600\).
1991 May 29 Betel Company declared and paid a cash dividend of \(\$ 1.80\) per share.
Aug. 24 Betel Company declared and issued a stock dividend of 1 additional share for each 10 shares already outstanding.
Dec. 31 Betel Company announced that net income for the year amounted to \(\$ 65,000\).
31 Akvar Company sold 5,500 shares of Betel Company for \(\$ 63,000\).