Heidebrecht Design acquired $20\%$ of the outstanding common stock of Cullumber Company on January $1,2025,$ by paying

$$712,500$ for $47,500$ shares. Cullumber declared and paid $$0\mathrm{.}50$ per share cash dividends on March $15,$ June $15,$ September $15,$ and

December $15,2025.$ Cullumber reported net income of $$354,500$ for the year. At December $31,2025,$ the market price of Cullumber

common stock was $$25$ per share.

$($a$)$

Prepare the journal entries for Heidebrecht Design for $2025$ assuming Heidebrecht Design cannot exercise significant influence

over Cullumber. $($Use the cost method.$)($Record journal entries in the order presented in the problem. List all debit entries before credit

entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No

entry" for the account titles and enter $0$ for the amounts.$)$