Pronghorn Corporation purchased a 20% interest in Moss Inc. for $240. This investment gave Pronghorn significant influence over Moss. During the year, Moss earned net income of $15 and paid dividends of $5. Assuming the purchase price was equal to 20% of Mosss net carrying amount when it was acquired. Prepare Pronghorns journal entries related to this investment using the equity method. Pronghorn applies IFRS. (Credit account titles are automatically indented when the 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.)

Account Titles and Explanation	Debit	Credit
enter an account title to record investment purchase	enter a debit amount	enter a credit amount
enter an account title to record investment purchase	enter a debit amount	enter a credit amount
(To record investment purchase)
enter an account title to record investment income	enter a debit amount	enter a credit amount
enter an account title to record investment income	enter a debit amount	enter a credit amount
(To record investment income)
enter an account title to record collection of dividend	enter a debit amount	enter a credit amount
enter an account title to record collection of dividend	enter a debit amount	enter a credit amount
(To record collection of dividend)