13. (2 points) Sandhill Corporation purchased for $333,000 a 32% interest in Murphy, Inc. This investment enables Sandhill to exert significant influence over Murphy. During the year, Murphy earned net income of $605,000 and paid dividends of $180,000. Prepare Sandhill's journal entries related to this investment: a. Purchase of investment Accounts Debits Credits b. Sandhill's portion of income Accounts Debits Credits c. Sandhill's portion of dividends Accounts Debits Credits