Use the financial statement effects template (with amounts and accounts) to record the following transactions involving investments in marketable securities accounted for using the equity method:

a. Healy Co. purchases 15,000 common shares of Palepu Co. at \(\$ 8\) per share; the shares represent \(25 \%\) ownership of Palepu.

b. Healy receives a cash dividend of \(\$ 0.80\) per common share from Palepu.

c. Palepu reports annual net income of \(\$ 120,000\).

d. Healy sells all 15,000 common shares of Palepu for \(\$ 140,000\).