Sunland Company owns 25% of Lauer Company. For the current year, Lauer reports net income of $185,000 and declares and pays a $37,000 cash dividend. Record Sunland's equity in Lauer's net income and the receipt of dividends from Lauer. (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.) Date Account Titles and Explanation Debit Credit Dec. 31 (To record equity in Lauer's net income) Dec 31 (To record dividends received) e Textbook and Media List of Accounts