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.
$\begin{array}{|l|l|}\hline\text { Jan. 2 } & \begin{array}{l}\text { Purchased 5,000 shares of Optic, Inc. for } \$ 42 \text { per share plus } \$ 7,000 \text { in fees and } \\\text { commission. These shares represent a } 35 \% \text { ownership of Optic. }\end{array} \\\hline \text { Oct. 15 } & \text { Received Optic, Inc. cash dividend of } \$ 2 \text { per share. } \\\hline \text { Dec. 31 } & \text { Optic reported a net loss of } \$ 66,000 \text { for the year. }\\\hline\end{array}$

Prepare the journal entries Kramer Corporation should record for these transactions and events.