Entries for equity investment of between $20\%-50\%$ ownership

Glacier Products Inc. is a wholesaler of rock climbing gear. The company began operations on January $1,20$Y$3.$ The following transactions

relate to securities acquired by Glacier Products Inc., which has a fiscal year ending on December $31,20$Y$3$:

$20Y3$

Jan. $25$ Purchased $52,000$ shares of Helsi Co$.$ common stock for $$620,000.$ There are $130,000$ shares of Helsi Co$.$ stock outstanding.

Dec. $31$ Received $$19,000$ of cash dividends on Helsi Co$.$ stock. Helsi Co$.$ reported net income of $$78,000$ in $20Y3.$

Required:

Journalize the entries to record the preceding transactions. If an amount box does not require an entry, leave it blank.