Simmons Corporation owns stock of Armstrong, Inc. Prior to 2025, the investment was accounted for using the equity method. In early 2025, Simmons sold part of its investment in Armstrong, and began using the fair value method. In 2025, Armstrong earned net income of $80,000 and paid dividends of $95,000. Prepare Simmons’s entries related to Armstrong’s net income and dividends, assuming Simmons now owns 10% of Armstrong’s stock.