Brief Exercise 16-03 Carla Vista Company owns 30% of Lauer Company. For the arrent year, Lauer reports net income of $245,000 and de lares and pays a $49,000 cash dividend. Record Carla Vista's equity in Lauer's net income and the receipt of dividends from Lauer. (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 O for the amounts.) Date Account Titles and Explanation Dec. 31 Debit Credit To record equity in Lauer's net income) Dec. 3 To record dividends recevec)