Required information [The following information applies to the questions displayed below.] Rowan Company purchases 400 common shares (40\%) of J8I Corporation as a long-term investment for $620,000 cash on January 1. JBI paid $14,000 in total cash dividends on November 1 and reported net income of $280,000 for the year. (1) - (3) Prepare Rowan's entries to record the purchase of JBI shares, the receipt of its share of JBI dividends, and the December 31 year-end adjustment for its share of JBI net income. Journal entry worksheet Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Record the adjustment required for the investment account. Note: Enter debits before credits