On January 1, Munchies Corporation, a publicly traded company, purchased 25% of Hook Ltd. common shares for $761,000. At December 26, Hook declared a $39,000 dividend (Munchies received its share of that dividend on the same day) and reported net income of $77,000. The shares fair value at December 31 was $805,000. (a) Record each of these transactions, assuming Munchies has significant influence over Hook and is using the equity method to account for this investment. (List all debit entries before credit entries. Credit account titles are automatically indented when the 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.)