Assume the same facts as in QS 15-8 except that the stock acquired represents 40% of ORD Corp.’s outstanding stock. Also assume that ORD Corp. paid a $100,000 dividend on November 1, 2013, and reported a net income of $700,000 for 2013. Prepare the entries to record (o) the receipt of the dividend and

(b) the December 31, 2013, year-end adjustment required for the investment account.