On January 1, Year 1, Sumace Corporation purchased 5,500 shares of Zotware Corp. as a long-term investment

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Question:

On January 1, Year 1, Sumace Corporation purchased 5,500 shares of Zotware Corp. as a long-term investment for a total of $208,220. The 5,500 shares represented 40% of the outstanding shares of Zotware. The following transactions occurred in the remainder of year 1.

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: Record the transactions for Year 1.