on january 1, Tarjee corportation, a publicly traded company, purchase 20% of hook ltd. common shares for $817,000 at december 26, hook declared a $36000 dividend ( tarjee recieved its share of that didvind on the same day) and reported net income of $72000. the shares fair value at december 31 was $85700. record each of these transactions, assuming tarjee has significant influence over hook and is using the equity method to account for this investment.