Berenstein Corporation Used the Equity Method to Report the Following $30 \%$

Berenstein Corporation used the equity method to report the following transactions for the years 2017 and 2018:
2017
Feb. 2 Purchased $30 \%$ of the voting common shares of Salon Enterprises Inc. for $\$ 400,000$ . This is a long-term investment giving Berenstein Corporation significant influence over the operations of Salon Enterprises Inc.
$\text { Oct. } 15 \text { Received } \$ 5,000 \text { cash dividends on Salon Enterprises Inc. common shares. }$
Dec. 31 Salon Enterprises Inc. reported total income of $\$ 250,000$ for the year ended December 31, 2017. 2018
Jun. 30 Salon Enterprises Inc. reported total income of $\$ 130,000$ for the six months ended Tune 30, 2018 $30 \text { Sold one-half of the Salon Enterprises Inc. shares for } \$ 240,000 \text {. }$
Prepare journal entries to record the above transactions.