Current Attempt in Progress

Carla Vista Company owns $25\%$ of Toppe Company. For the current year, Toppe reports net income of $$148,500$ and declares and

pays a $$65,900$ cash dividend. Record Carla Vista'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. If no entry is

required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

Date

Dec.

$31$

$($To record Carla Vista's equity.$)$

Dec.

$31$

$($To record the receipt of dividends.$)$