On January 1, Pembina Corporation, a publicly traded company purchased 25% of Hoskuld. common shares for $761,000. At December 25, Hook declared a $39.000 dividend (Pembina received its share that 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 Pembina has significant influence over Hook and is using the equity method to account for this investment (Credit accountitles 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 Pembina's share in profit) (b) How much income would be reported by Pembina because of its Investment in Hook? Revenue