The summarized balance sheets of Goebel Company and Dobbs Company as of December 31, 2014 are as follows:

Goebel Company

Balance Sheet

December 31, 2014

Assets $1,200,000

Liabilities $ 150,000

Capital stock 600,000

Retained earnings 450,000

Total equities $1,200,000

Dobbs Company

Balance Sheet

December 31, 2014

Assets $900,000

Liabilities $205,000

Capital stock 575,000

Retained earnings 120,000

Total equities $900,000

If Goebel Company acquired a 20% interest in Dobbs Company on December 31, 2014 for $145,000 and during 2015 Dobbs Company had net income of $75,000 and paid a cash dividend of $30,000, applying the fair value method would give a debit balance in the Equity Investments (Dobbs) account at the end of 2015