Company A purchases $10,000$ shares of Company B common stock for $$100,000$ cash. This investment represents $30\%$ of Company B$\text{'}$s common stock.

Complete the journal entry to record the purchase of this stock.

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During the year Company B reports net income of $$1,000,000.$ Complete the journal entry, which records Company A$\text{'}$s proportionate share of Company B$\text{'}$s net income.

$\backslash$table$[[$Account Title,Debit,Credit$],[,,],[,,]]$