Donald Corporation Purchased 3,000 Shares of the Outstanding Common Voting

Donald Corporation purchased 3,000 shares of the outstanding common voting stock of Apprentice Corporation on January 2,2010,for $80 per share.At the date of purchase Apprentice Corporation had outstanding 10,000 shares of common stock (par $50).During 2010,Apprentice reported net income of $60,000 and declared and paid a $5,000 cash dividend.The December 31,2010,market value of Apprentice's stock was $84.Prepare the journal entries required for Donald Corporation on January 2,2010 and December 31,2010.