On January 1, Zabel Corporation purchased a 25% equity in Helbert Corporation for $181,000. At December 31, Helbert declared and paid a $47,000 cash dividend and reported net income of $176,800.

Part 1: Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

Part 2: Determine the amount to be reported as an investment in Helbert stock at December 31.

Investment in Helbert December 31

$____