On January 1, Poitras Lte, a public company, purchases 20% of Bridgeport Corporations common shares for $243,000 for strategic purposes. For the year ended December 31, Bridgeport reports profit of $211,000 and pays a $15,000 cash dividend. The fair value of Poitrass investment in Bridgeport at December 31 is $268,000. Prepare journal entries required assuming Poitras has significant influence over Bridgeport.