Investment in Equity Securities

On January $1,2019,$ Roth Company purchased $60,000$ shares of Barker Company $$10$ par common stock for $$34$ per share. During $2019,$ Barker paid total dividends of $$300,000$ and reported net income of $$800,000.$ Barker stock was trading for $$36$ per share on December $31,2019.$ During $2020,$ Barker paid total dividends of $$100,000$ and reported net loss of $$300,000.$ Barker stock was trading for $$29$ per share on December $31,2020.$

Instructions:

a$.$ Prepare all necessary journal entries for $2019$ and $2020$ if Barker has $600,000$ shares of common stock outstanding.

b$.$ Prepare all necessary journal entries for $2019$ and $2020$ if Barker has $240,000$ shares of common stock outstanding.