On June 30, 2015, a corporation purchased 25% ofthe outstanding common stock of Old Fashioned Corp. for $48,000. Old Fashioned Corp. paid $28,000 in dividends to its shareholders on September 5, 2015, and earned a net income of $72,000. Prepare the journa entries to record the investment and determine the ending balance of the investment ac at the calendar year-end. 5) count