On January 1, 2018, Alamar Corporation acquired a 39 percent interest in Burks, Inc., for $214,000. On that date, Burks's balance sheet disclosed net assets with both a fair and book value of $363,000. During 2018, Burks reported net income of $81,000 and declared and paid cash dividends of $23,000. Alamar sold inventory costing $22,000 to Burks during 2018 for $35,000. Burks used all of this merchandise in its operations during 2018. Prepare all of Alamar's 2018 journal entries to apply the equity method to this investment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)