On January 1 of the current year, PurchaseAgent.com acquired 35 percent (800,000 shares) of the common stock of E-Transaction Corporation. The accounting period for both companies ends December 31. July 2 E-Transaction declared a cash dividend of $0.25 per share. July 16 E-Transaction paid the cash dividend declared on July 2 . December 31E Transaction reported net income of $400,000. Perpare the journal entries for each of the above transactions that occurred during the current year for PurchaseAgent.com. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 3 E-Transaction declared a cash dividend of $0.25 per share. Note: Enter debits before credits. Journal entry worksheet E-Transaction paid the cash dividend declared on July 2 . Note: Enter debits before credits. Journal entry worksheet E-Transaction reported net income of $400,000. Note: Enter debits before credits