Brief Exercise 16-03 Crane Company owns 30% of Lauer Company. For the cument year, aver reports net income of .210,000 and decaes and pays Record Crane's equity in Lauer's net income and the receipt of dividends from Lauer. (Credit account tities are automatically Indented when are automatically indented when amount is entered. Do not indent manually. r no entry is required, select "No entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Dec. 31 Credit (To recond equity in Lauer's net income) Dec. 31 To record dividends receved