On January 2, 2017, Alpha Company purchased 10,000 shares of the stock of Zulu Company, and did not obtain significant influence.The investment is intended as a long-term investment.The stock was purchased for $10 per share, and represents a 10% ownership stake.Zulu Company made $25,000 of net income in 2017, and paid dividends of $10,000 on December 15, 2017.On December 31, 2017, Zulu Company's stock was trading on the open market for $12 per share at the end of the year.Use this information to prepare the General Journal entry(ies) (without explanation) for January 2 purchase and the December 15 & 31, 2017 record of income & gain/loss