On March 1, 2019, Cool Inc. paid $1,060,000 to acquire a 35 percent investment in Fresh Ltd. After one year, Fresh Ltd. reported net income of $245,000 for the first year and declared and paid cash dividends of $58,000. Record the following entries in Cool's general journal:

1.	The purchase of the investment (excluding any brokerage commission fees).
2.	Cool's proportion of Fresh Ltd.'s net income on February 29, 2020.
3.	Receipt of the cash dividends on March 1, 2020