On January $1,2025,$ Carla Corporation purchased $30\%$ of the common shares of Sarasota Company for $$196,000.$ During the year, Sarasota earned net income of $$73,000$ and paid dividends of $$18,250.$

Prepare the entries for Carla to record the purchase and any additional entries related to this investment in Sarasota Company in $2025.($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 O for the amounts.$)$