On January 1, 2020, Sheridan Corporation purchased 40% of the common shares of Skysong Company for $204,000. During the year, Skysong earned net income of $79,000 and paid dividends of $19,750. Prepare the entries for Sheridan to record the purchase and any additional entries related to this investment in Skysong 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 O for the amounts.) Account Titles and Explanation Debit Credit (To record purchase of stock.) (To record receipt of dividends.) (To record revenue.)