Kanza, Inc., obtained significant influence over Rogan Corporation by buying 30% of Rogans 26,300 outstanding shares of common stock at a total cost of $5 per share on January 1, 2014. On June 15, Rogan declared and paid a cash dividend of $34,700. On December 31, Rogan reported a net income of $85,200 for the year.Prepare all the necessary journal entries for 2014 for Kanza, Inc.