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A - Rod Corp. bought 2 5 % of Jeter Corporation's stock for $ 7 0 , 0 0 0 on January 1 , 2

A-Rod Corp. bought 25% of Jeter Corporation's stock for $70,000 on January 1,2020. During 2010, Jeter earned $25,000 of net income (80% ordinary and 20% extraordinary) and distributed $15,000 of dividends on December 31,2010.
Required:
Present all related 2020 entries on A-Rod Corp.'s books, including the January 1 investment.
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