Topaz, Inc. obtained significant influence over Acme Corporation by buying 25% of Acme's 40,000 outstanding shares of common stock at a total cost of $10 per share on January 1, 2020. On June 15. Acme declared and paid a cash dividend of $40,000 to all stockholders. On December 31, Acme reported a net income of $125,000 for the year. (30 pts) Instructions: Prepare all the necessary journal entries in 2020 that result from all of the transactions above involving Topaz and Acme in the text field provided (no upload or pictures - failure to comply may result in a complete loss of points)