On January $1,2025,$ Tamarisk Corporation purchased $30\%$ of the common shares of Vaughn Company for $$177,000.$ During the year, Vaughn earned net income of $$77,000$ and paid dividends of $$19,250.$

Prepare the entries for Tamarisk to record the purchase and any additional entries related to this investment in Vaughn Company in $2025.($List all debit entries before credit entries. 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

$($To record purchase of stock.$)$

$($To record receipt of dividends.$)$

$$

$$

$($To record revenue.$)$