On January 1, Poitras Lte, a public company. purchases 20% of Bramble Corporation's common shares for $242,000 for strategic purposes. For the year ended December 31, Bramble reports profit of $231.000 and pays a $14.000 cash dividend. The fair value of Poitras's investment in Bramble at December 31 is $275,000. Prepare journal entries required assuming Poitras has significant influence over Bramble. (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 Cred (To record investment in associate.)