on January 1, Paver Corporation, a publicly traded company purchased 20% of Hook Ltd. common shares for $734,000. At December 26, Hook declared a $36,000 dividend (Paver received its share that day) and reported net income of $87,000. The shares Fair value at December 31 was $777,000. (a) Record each of these transactions, assuming Paver has significant influence over Hook and is using the equ ty method to account for this investment. (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 for the amounts.) Date Account Titles and Explanation Debit Credit (To record dividends received) (To record Paver's share in profit) (b) How much income would be reported by Paver because of its investment in Hook