Sheridan Corporation purchased for $301,000 a 25% interest in Murphy, Inc. This investment enables Sheridan to exert significant influence over Murphy. During the year, Murphy earned net income of $169,000 and paid dividends of $61,000. Prepare Sheridan's journal entries related to this investment. (Credit account titles are outomatically 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.)