Cullumber Company owns 25% of Toppe Company. For the current year, Toppe reports net income of $164,000 and declares and pays a $55,240 cash dividend. Record Cullumber's equity in Toppe's net income and the receipt of dividends from Toppe. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 (To record Cullumber's equity.) Dec. 31 (To record the receipt of dividends.)