Information relating to equity investments made in 2022 by Nyota Corporation follows:

1. On January 1, 2022, Nyota obtained significant influence over Uhura Inc. by buying 35% of Uhura's 85,000 issued common shares at $23 per share. On June 15, 2022, Uhura declared and paid a cash dividend of $1.75 per share. On December

31, Uhura's reported net income was $265,000, and their shares were trading at $24.50.

2. On March 1, 2022, as a trading investment, Nyota acquired 11% of the 235,000 issued common shares of Hemmer Limited at $7 per share. On July 1, 2022 Hemmer declared and paid a cash dividend of $1.25 per share. On December 31, 2022, Hemmer's reported net income was $625,000 for the year and its shares were trading at $6.75.

What are all necessary journal entries relating to these two investments for 2022 for Nyota Corporation under IRS.