On January 1, Windsor Corporation purchased 35% of the outstanding shares of Selig Company for $231,800. At December 31, Selig declared and paid a $61,000 cash dividend and reported net income of $97,600. Prepare the necessary journal entries for Windsor Corporation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation (To record dividends received) (To record share of net income) Debit Credit