On January 1, Zabel Corporation purchased a25% equity in Helbert Corporation for $168,000. At December 31, Helbert declared and paid a $58,000cash dividend and reported net income of $240,000.

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. Record journal entries in the order presented in the problem.)

Account Titles and Explanation Date Credit Debit