Ruiz Company owns \(75 \%\) of Sim Company's outstanding common stock and uses the equity method of accounting. Sim Company reported net income of \(\$ 702,000\) for 1999. On December 31, 1999, Sim Company paid a cash dividend of \(\$ 189,000\). In 2000, Sim Company incurred a net loss of \(\$ 125,000\). Prepare entries to reflect these events on Ruiz Company's books.