Please prepare journal entries and the following questions (a) to (g). Thank you.

Problem 2 (14 Marks) Prepare journal entries Condax Corp should prepare to account for its investment in Opentech Corp. and Donware Inc. (a) On January 1, 2019. Condax Corp purchased 8,000 shares of Opentech Corp's common shares at $40. This purchase represented 35% of Opentech's outstanding shares and gave Condax significant influence over Opentech's management and operations. (b) On October 11, 2019, Opentech declared and paid cash dividends of $30,000. (c) On December 31, 2019, Opentech reported profit of $190,000 for the year. (d) Also, January 2, Condax Purchased 5,000 shares of Donware, Inc. for $40 per share plus $6.195 in fees and commission. These shares represent only 1% ownership of Donware. (2) Sept. 20 Donware declared a $1.50 per share cash dividend to shareholders of record on October 1, payable October 15. To Condax (f) Oct. 15 Condax received Donware, Inc. cash dividend. (g) Dec. 31 Donware reported $35 per share as its market value for the year end