On January $1,20$X$1,$ Nola Company paid $$425,000$ to purchase a $25\%$ interest in the common stock of Providence Company. During $20$X$1,$ Providence earned net income of $$85,000$ and paid dividends of $$10,000.$ If the investment qualifies as a significant interest, Nola will record the dividends received by debiting cash and crediting

Dividend Revenue for $$21,250$

Investment Income, $$21,250$

Investment in Providence, $$2,500$

Dividend Revenue, $$2,500$