On January 1, 2025, Pronghorn Corporation purchased 40% of the common shares of Stellar Company for $155,000. During the year, Stellar earned net income of $67,000 and paid dividends of $16,750. Prepare the entries for Pronghorn to record the purchase and any additional entries related to this investment in Stellar Company in 2025. (List all debit entries before credit entries. 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.)

On January 1,2025, Pronghorn Corporation purchased 40N of the common shares of Stellar Compary for $155,000. During the year. Stellar earned net income of $67,000 and paid dividends of $16,750 Prepare the entries for Prorighorn to recond the purchase and any additional entries related to this investinent in Stellar Company in 2025. (List all debit entries before credit entries. Credit account titles are cutomotically indented when amount is entered. Do not indent. manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts)