On January 2, Ubuy.com paid $100,000 to acquire 25 percent (10,000 shares) of the common stock of E-Net Corporation. The accounting period for both companies ends December 31. July 2 E-Net declared and paid a cash dividend of $3 per share. December 31 E-Net reported net income of $200,000. Required: Prepare the journal entries for the purchase on January 2 and for each of the above transactions that occurred during the year. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Journal entry worksheet Record the acquisition of 10,000 shares (25\%) of the common stock of E-Net Corporation. Note: Enter debits before credits. Journal entry worksheet Record the receipt of cash dividends of $3 per share. Note: Enter debits before credits. Journal entry worksheet Record the receipt of cash dividends of $3 per share. Note: Enter debits before credits