Sheffield Corporation purchased for $283,000 a 25% interest in Murphy, Inc. This investment enables Sheffield to exert significant influence over Murphy. During the year, Murphy earned net income of $195,000 and paid dividends of $61,000. Prepare Sheffield's journal entries related to this investment. (List all debit entries before credit entries. 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 O for the amounts.) Account Titles and Explanation Debit Credit (To record the purchase.) (To record the net income.) (To record the dividend.)