Information Pertaining to Stock Investments in 2012 by Com-Ex Corporation

Essay

Information pertaining to stock investments in 2012 by Com-ex Corporation follows:
Acquired 15% of the 200,000 shares of common stock of Buffalo Company at a total cost of $9 per share on January 1, 2014. On July 1, Buffalo Company declared and paid a cash dividend of $1.90 per share. On December 31, Bufflo reported net income was $675,000 for the year.
Obtained significant influence over Eta Company by buying 30% of Eta's 120,000 outstanding shares of common stock at a total cost of $25 per share on January 1, 2014. On June 15, Eta Company declared and paid a cash dividend of $2.50 per share. On December 31, Eta's reported net income was $330,000.
Instructions
Prepare all necessary journal entries for 2012 for Com-ex Corporation.