Milky Way Company purchases $50,000 for 30% of the voting shares of Evander Corporation on January 1, 2022. In 2022 Evander Corporation has earnings of $35,000 and pays dividends totaling $7,000. Assume the investment uses the equity method. Record journal entries for the following: Required: (a) The initial investment General Journal POST DATE ACCOUNT TITLE AND EXPLANATION REF. DEBIT CREDIT (b) Evander Corporation's net income: General Journal POST DATE ACCOUNT TITLE AND EXPLANATION REF. DEBIT CREDIT (c) Evander Corporation's payment of dividends: General Journal POST DATE ACCOUNT TITLE AND EXPLANATION REF. DEBIT CREDIT