• Accumulated Other Comprehensive Loss
• Allowance for Doubtful Accounts
• Allowance to Reduce Inventory to Market
• Bad Debt Expense
• Bonds Payable
• Cash
• Call Option
• Common Stock
• Cost of Goods Sold
• Debt Investments
• Dividend Revenue
• Dividend Receivable
• Equity Investments
• Fair Value Adjustment
• Futures Contract
• Gain on Sale of Investments
• Gain on Settlement of Call Option
• Gain on Settlement of Put Option
• Interest Expense
• Interest Receivable
• Interest Revenue
• Inventory
• Investment Income
• Loss on Impairment
• Loss on Sale of Investments
• Loss on Settlement of Call Option
• Loss on Settlement of Put Option
• No Entry
• Notes Payable
• Paid-in Capital in Excess of Par - Common Stock
• Put Option
• Recovery of Loss from Impairment
• Retained Earnings
• Revenue from Investment
• Sales Revenue
• Swap Contract
• Unrealized Holding Gain or Loss - Equity
• Unrealized Holding Gain or Loss - Income

On January 1, 2020, Buffalo Corporation purchased 20% of the common shares of Carla Company for $144,000. During the year, Carla earned net income of $94,000 and paid dividends of $23,500. Prepare the entries for Buffalo to record the purchase and any additional entries related to this investment in Carla Company in 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter Ofor the amounts.) Account Titles and Explanation Debit Credit Investment Income 144000 Cash 144000 (To record purchase of stock.) Cash 4700 Unrealized Holding Gain or Loss - Equity 4700 (To record receipt of dividends.) Unrealized Holding Gain or Loss -Income 18800 Investment Income 18800 (To record revenue.)