Kramer Corporation Had the Following Long-Term Investment Transactions Prepare the Journal Entries Kramer Corporation Should Record for These

Kramer Corporation had the following long-term investment transactions.
$$\begin{array} { | l | l | } \hline \text { Jarn. } 2 & \begin{array} { l } \text { Purchased } 5,000 \text { shares of Optic, Inc. For } \$ 42 \text { per share plus } \$ 7,000 \text { in fees and } \\\text { corrunission. These shares represent a } 35 \% \text { ownership of Optic. }\end{array} \\\hline \text { Oct. } 15 & \text { Received Optic, Inc. cash dividend of } \$ 2 \text { per share. } \\\hline \text { Dec. } 31 & \text { Optic reported a net loss of } \$ 66,000 \text { for the year. } \\\hline\end{array}$$
Prepare the journal entries Kramer Corporation should record for these transactions and events.