Emory Company purchased 15% of Milsaps at a cost of $300,000 on January 1, 2019.At the time, there was no significant influence and the securities were very short term investments.Milsaps reported earnings in 2019 of $250,000 and paid dividends of $60,000.At the end of 2019, the value of Milsap's stock held by Emory had fallen to $275,000.

Help me record the journal entries for 2019 on the books of Emory regarding the events of Milsaps.

Dr. Cr.