Chelsea purchased 100 shares of Nashua Corporations common stock for $85 per share September 30, 2021. Nashua has a total of 500 shares of common stock outstanding. Most of that stock is held by Kevin Nashua, the founder and CEO of the company. On December 15, Chelsea received $1,000 in dividends from Nashua. On December 31, Nashuas stock was selling for $81 per share but Chelsea has no intentions of selling the stock anytime in foreseeable future. Nashuas 2021 net income was $780,000. Prepare any required journal entries, and show all supporting calculations.