can you also do explanation too?

Stock Investments Tho following are two independent situstions. 1. Rho Jean ine acquired 5% of the 400,000 ahares of common stock of Stillwater Corp, at a total cost of $5 per ahare on Mriv 18,2022 . On Angaut 30, Stillwater declared and paid a $75,000 dividend. Oa December 31, Stillwater reported net income of $244,000 for the 5 car. 2. Debble. Ine obtained algnifieant influence over North Salls by buying, 40% of North Sails' 60,000 outstanding ahares of common stock at a cost of $12 per alaare on January 1, 2022. On April 15. North Salls declared and paid a cash dividend of \$45.000, On Decrenber 31, Nortb Salls reported net income of $120,000 for the year. Prepare ell necessary joumal entries for 2022 for (a) Rho Jean Ine and (a) Debbie, Ine. ACTION PLAN - Presume that the investor has relatively little influence over the investee when an investor owns less than aos of the common stock of another corporation. In this case, net lncome earned by the iaveatee is not considered a proper basis for recognizing income from the investment by the investor. - Presume significant influence for investments of aos-50\%. Therefore, record the investeriw ahare of the net Income of the investee