Brief Exercise 16-3 Noer Company owns 30% of Lauer Company. For the current year, Lauer reports net income of $245,000 and declares and pays a $49,000 cash dividend. Record Noler'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 tities and enter O for the amounts.) Date coeat Titles and Expleaetion Debit Dec. 31 Ta recard equity in Plano'x nct incomc Dec. 31 (Tinward dvadends received