On January 1, Poitras Lte, a public company, purchases 20% of Culvr Corporation's common shares for $244,000 for strategic purposes. For the year ended December 31, Culver reports profit of $210,000 and pays a $15,000 cash dividend. The fair value of Poitras's investment in Culver at December 31 is $266,000. Prepare journal entries required assuming Poitras has significant influence over Culver. (Record entries in the order displayed in the problem statement. Credit occount 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 O for the amounts. List all debit entries before credit entries.) (Torecord imvestment income.) (To record collection of dividend.)