Pharoah Company owns \25 of Laver Company. For the current year, Lauer reports net income of \\( \\$ 175,000 \\) and declares and pays a \\( \\$ 35,000 \\) cash dividend. Record Pharoah's equity in Lauer's net income and the receipt of dividends from Laver. (List all debit entries before credit entries. Credit account titles are automotically indented when amount is entered. Do not indent manualiy. If no entry is required, select \"No entry' for the account titles and enter 0 for the amounts.) Pharoah Company owns \25 of Laver Company. For the current year, Lauer reports net income of \\( \\$ 175,000 \\) and declares and pays a \\( \\$ 35,000 \\) cash dividend. Record Pharoah's equity in Lauer's net income and the receipt of dividends from Laver. (List all debit entries before credit entries. Credit account titles are automotically indented when amount is entered. Do not indent manualiy. If no entry is required, select \"No entry' for the account titles and enter 0 for the amounts.)