8. Bonneau Co. purchased 20,000 shares of Baker Corporation's 60,000 shares of common stock on January 1. On October 11, Baker declared and paid cash dividends of \\( \\$ 30,000 \\) in total. On December 31, Baker reported net income of \\( \\$ 600,000 \\) for the year. Prepare the journal entries Bonneau Co. should record to account for the dividends received and the earnings reported by Baker Corporation