Sample Excel file On January 1, Year 1, Sumace Corporation purchased 5,000 shares of Zotware shares of Zotware Corp. as a long-term investment for a total of $215,000 The 5,000 shares represented 40% of the outstanding shares of Zotware which gave Sumace significant influence over Zotware's operations and management. The following transactions occurred in the remainder of year 1. Feb. 1 Sold 1,000 shares of Zotware for $30.00 per share Oct. 1 Zotware declared an $0.75 per share cash dividend to shareholders of record on October 15, payable on November 1 Nov. 1 Received Zotware cash dividend Dec 31 At the end of Year 1, Zotware reported a profit of $75,000 for the year Required: Record the transactions for Year 1 assuming that there was no change in the number of outstanding shares of Zotware