Current Attempt in Progress Pharoah Company owns 30% of Lauer Company. For the current year, Lauer reports net income of $230,000 and declares and pays a $46,000 cash dividend. Record Pharoah's equity in Liuer's net income and the receipt of dividends from Lauer. (List all debit entries before credit entries. Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the occount titles and enter O for the amounts.)