On January 2, Excelsius Corp purchased 10,000 Etherovo Corp common shares at $11 per share plus a $5,200 commission. On August 6, Etherovo Corp declared and paid dividends of $2.10 per share, and on December 31, it reported a profit of $350,000. Assuming Etherovo Corp has 32,000 common shares outstanding. Prepare the necessary entries on the books of Excelsius Corp to account for these transactions.