On January 2, Excelsius Corp purchased 10,000 Etherovo Corp common shares at $11 per share.On August 6, Etherovo Corp declared and paid dividends of $2.10 per share.December 31, it reported a profit of $350,000.Etherovo Corp has 32,000 common shares outstanding, so Excelcius has significant influence over Etherovo.Prepare the three journal entries on the books of Excelsius Corp to account for these transactions.