$2.$ M Company and B Incorporation formed MB Ltd$.,$ a joint venture, on January $1,$

$2021.$ M Co$.$ invested equipment with a carrying amount of $$900,000($original

cost was $$1,100,000$ and accumulated depreciation was $$200,000)$ and a fair

value of $$1,020,000$ for a $40\%$ interest in JV Ltd$.,$ while B Co$.$ contributes

technology with a fair value of $$1,530,000$ for a $60\%$ interest in JV Ltd$.$ The

equipment has an estimated useful life of $10$ years. On December $31,2021,$ JV

Ltd$.$ reported a net income of $$204,000.$

On February $28,2022,$ MB Ltd$.$ declared dividends of $$180,000.$

On April $10,2022,$ MB Ltd$.$ paid dividends

Required: Journal entry for M Company and B Incorporation in $2021$ and $2022.$ PS: the previous answer solved by one expert is not correct since the double entry is not equal.