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On January 1, Crane Corporation purchased a 25% equity in Helbert Corporation for $152,500. At December 31, Helbert declared and paid a $45,100 cash dividend

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On January 1, Crane Corporation purchased a 25% equity in Helbert Corporation for $152,500. At December 31, Helbert declared and paid a $45,100 cash dividend and reported net income of $241,000 Journalize the transactions. (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. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit To record dividends received) (To record equity in Helbert Corporation's net income) Attempts: 0 of 3 used

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