On January $1,2025,$ Ivanhoe Corporation purchased $20\%$ of the common shares of Shamrock Company for $$144,000.$ During the year, Shamrock earned net income of $$94,000$ and paid dividends of $$23,500.$

Prepare the entries for Ivanhoe to record the purchase and any additional entries related to this investment in Shamrock 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 $0$ for the amounts.$)$

Account Titles and Explanation

Debit

Credit

$($To record purchase of stock.$)$

$($To record receipt of dividends.$)$

$($To record revenue.$)$