Swifty Corporation purchased for $280,000 a 25% interest in Murphy, Inc. This investment enables Swifty to exert significant influence over Murphy. During the year, Murphy earned net income of $182,000 and paid dividends of $61,000. Prepare Swiftys journal entries related to this investment. (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 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
enter an account title to record the purchase	enter a debit amount	enter a credit amount
enter an account title to record the purchase	enter a debit amount	enter a credit amount
(To record the purchase.)
enter an account title to record the net income	enter a debit amount	enter a credit amount
enter an account title to record the net income	enter a debit amount	enter a credit amount
(To record the net income.)
enter an account title to record the dividend	enter a debit amount	enter a credit amount
enter an account title to record the dividend	enter a debit amount	enter a credit amount
(To record the dividend.)