On January 1, 2020, Marin Corporation purchased 30% of the common shares of Headland Company for $171,000. During the year, Headland earned net income of $79,000 and paid dividends of $19,750. Prepare the entries for Marin to record the purchase and any additional entries related to this investment in Headland Company in 2020. (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.)