Noler Company owns 30% of Lauer Company. For the current year, Lauer reports net income of $235,000 and declares and pays a $47,000 cash dividend. Record Noler's equity in Layer's net income and the receipt of dividends from Lauer. (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.)