Glacier Products Inc. is a wholesaler of rock climbing gear. The company began operations on January 1 , 20y3. The following transactions relate to securities acquired by Glacier Products Inc, which has a fiscal year ending on December 31, 20y3: 20Y3 Jan. 25 Purchased 75,000 shares of Helsi Co. common stock for $800,000. There are 250,000 shares of Helsi Co, stock outstanding. Dec. 31 Received $38,000 of cash dividends on Heisi Co. stock. Helsi Co. reported net income of $170,000 in 20Y3. Required: 1. Journalize the entries to record the preceding transactions. If an amount box does not require an entry, leave it blank