Exercise 12-7 (Part Level Submission) On January 1 Zabel Corporation purchased a 25% equity in Helbert Corporation for $191 0 0 At December 31 Heibert declared and paid a reported net income of $190,900 L LO cash. dividend and (a) Your answer is partially correct. Try again. Journalize the transactions. Credit account titles are automatically indented when amount is entered Do not indent manualrn entry , required Select No entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Jan. 1Stock Investments Debit Credit 191,000 Cash 191,000 Dec. 31 TTStock Investments 17,750 Revenue from Stock In 17,750 To record dividends received) Dec. 31 TTCash 47725 Stock Investments 47725 (To record equity in Helbert Corporation's net income)