Noler Company owns 30% of Lauer Company. For the current year, Lauer reports net income of $205,000 and declares and pays a $41,000 cash dividend. Record Nolers equity in Lauers net income and the receipt of dividends from Lauer. (Credit account titles are automatically indented when the 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.)

Account Titles and Explanation Credit Date Debit Dec. 31 (To record equity in Plano's net income) Dec. 31 (To record dividends received)