On February 2, 2006, MBH Inc. acquired 30% of the voting common stock of Construction Corporation as a long term investment. Data from Construction Corporation's financial statements for the year ended December 31, 2006, included the following:
Net income $150,000
Dividends paid 75,000
Prepare any necessary journal entries for MBH at December 31, 2006, under the equity method of accounting for investments.