Zoop Corporation purchased for $300,000 a 30% interest in Murphy Inc. This investment enables Zoop to exert significant influence over Murphy During the year, Murphy earned net income of $180,000 and paid dividends of $60.000 Prepare the Journal entry to record the investment in Murphy O Debt Investments $300 000 Cash $300 000 Debt Investments $336,000 Cash $336 000 Equity Inestments $336 000 Cash $336.000 Equity Inestments $300 000 Cash $300.000