Flounder Company owns 26% of Toppe Company. For the current year, Toppe reports net income of $187,000 and declares and pays a $52,900 cash dividend. Record Flounders equity in Toppes net income and the receipt of dividends from Toppe. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31
	(To record revenue from investment)
Dec. 31
	(To record receipt of dividend)