On 2/1/17, Wall Corporation purchased 30,000 shares of ABC Company for $15 each. This investment represented 25% of the outstanding common stock of ABC, and Wall intends to hold the investment for at least a year. On 10/1/17, Wall received dividends of $1.20 per share. ABCs net income for 2017 was $400,000, and the market value of ABC stock at 12/31/17 was $16 per share. Make all journal entries required by Wall in 2017.