$1-1$Sol Corporation acquired $10\%$ of the $20,000$ outstanding ordinary shares of K Electronics at a cost of $$30$ per share on Dec $1,2022.$ On December $30,$ K Electronics declared and paid a $$50,000$ dividend. On December $31,$ K Electronics reported net income of $$200,000$ for the year. On December $31,$ the market price of K Electronics was $$40$ per share. This investment is classified as $$trading$$

$($a$)$ Please prepare all necessary journal entries for $2022$ transaction above

$($b$)$ Please describe how Sol Corporation will report the

$(1)$ investment on the balance sheet

$(2)$ income and unrealized gain on its $2022$ financial statements

$($c$)$ On January $5,2023,$ the company sold the investment in K Electronics at $$38$ per share. On Dec $20,2023,$ Company acquired $1,000$ shares of Apple Co$.$ ordinary shares at $$150$ per share for $$trading$.$ On December $31,2023,$ Apple stock was closed at $$140$ per share.

$(1)$ Please prepare $2023$ journal entries for above transactions.

$(2)$ Please describe how the company will report the investment on the balance sheet

$1-2.$ If Sol Corporation$$s investment in K Electronics was classified as $$non$-$trading$,$ Please prepare all necessary journal entries for $2022$ and describe how Sol Corporation will report the investment, income and unrealized gain on its $2022$ financial statements

$2.$ Sol Inc., obtained significant influence over Charlie Company by acquiring $25\%$ of Charlie Corp's $100,000$ outstanding ordinary shares at a total cost of $$20$ per share on January $1,2022.$ On June $15,$ K Corp declared and paid a cash dividend of $$1$ per share. On December $31,$ Charlie Corp. reported a net income of $$300,000$ for the year.

Instructions

$(1)$ Prepare all the necessary journal entries for $2022$ for Sol Inc

$(2)$ compute the balance in the investment account in Charlie Company on December $31,2022$