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As a long-term investment. Brayo Company decided to purchase stock in Zulu Corporation. Brayo purchased 1i},i}l] shares for a it] percent ownership share at a

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As a long-term investment. Brayo Company decided to purchase stock in Zulu Corporation. Brayo purchased 1i},i}l] shares for a it] percent ownership share at a cost of 31D per share on January 1, 2m 6. Zulu Corporation's net income in 2016 was $25,!'JDD, and on July 1, 2on1 the company paid total diyidends of $1ELEIEIU. m the end of 2m 6, the Dow Jones market price for that Zulu stock was $12 per share. Prepare the General Journal entry (without explanation) to record the January 1, 2m 6, transaction below

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