The following transactions occurred in the books of Sumace Corporation in 2020. Jan. 1 Sumace Corporation purchased 5,000 shares of Zotware Corp. as a long-term investment for a total of $185,000. The 5,000 shares represented 40% of the outstanding shares of Zotware. Feb. 1 Sold 2,000 shares of Zotware for $31.50 per share. Oct. 1 Zotware declared an $0.80 per share cash dividend to shareholders of record on October 15, payable November 1. Nov. 1 Received Zotware cash dividend. Dec 31 At the end of Year 1, Zotware reported a profit of $66,000 for the year Required (show calculations). Prepare journal entries to record the transactions for 2020. Explanations of journal entries are not required