Exercise 16-07 a b (Video) On January 1, Pharoah Corporation purchased a 25% equally in Helbert Corporation for $185.000. A December 31, Helbest declared and 45.000 end and reported net income of $175,500 at manually. If newtrys m ed s t eentry for the account totes Journalize the transactions. (Credit accountries are automatically added whes amount is entered. De net w and enter for them . Record journal entries in the order presented in the problem.) Date Account Titles and Explanation (To record dividends received) (To record equity in Helbert Corporation's net income)