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As a long-term investment, Fair Company purchased 15% of Midlin Company's 280,000 shares for $336,000 at the beginning of the reporting year of both companies. During the year, Midlin earned net income of $133,000 and distributed cash dividends of $0.20 per share. At year-end, the fair value of the shares is $350,000. Record the share of net income. Record the receipt of cash dividends. Record adjusting entry of investments to fair value