On January 1, 2020, Shamrock Corporation purchased 40% of the common shares of Bridgeport Company for $178,000. During the year, Bridgeport earned net income of $86,000 and paid dividends of $21,500. Prepare the entries for Shamrock to record the purchase and any additional entries related to this investment in Bridgeport Company in 2020.

Account Titles and Explanation	Debit	Credit
(To record purchase of stock.)
(To record receipt of dividends.)
(To record revenue.)