Forte Inc. produces and sells theater set designs and costumes. The company began operations on January 1, 20Y5. The following transactions relate to securities acquired by Forte Inc., which has a fiscal year ending on December 31, 20Y5:

Jan. 10 Purchased an influential interest in Imboden Inc. for $770,000 by purchasing

97,000 shares directly from the estate of the founder of Imboden Inc. There are

325,000 shares of Imboden Inc. stock outstanding.

Dec. 31 Received $65,000 of cash dividends on Imboden Inc. stock. Imboden Inc.

reported net income of $450,000 in 20Y6. Forte Inc. uses an equity method of

accounting for its investment in Imboden Inc.

Journalize the entries to record these transactions.