Investment in Equity Securities

On January $1,2022,$ Roth Company purchased $80,000$ shares of Barker Company $$10$ par common stock for $$36$ per share. During $2022,$ Barker paid total dividends of $$400,000$ and reported net income of $$700,000.$ Barker stock was trading for $$37$ per share on December $31,2022.$ During $2023,$ Barker paid total dividends of $$200,000$ and reported net loss of $$300,000.$ Barker stock was trading for $$31$ per share on December $31,2023.$

Instructions:

a$.$ Prepare all necessary journal entries for $2022$ and $2023$ if Barker has $800,000$ shares of common stock outstanding.

b$.$ Prepare all necessary journal entries for $2022$ and $2023$ if Barker has $320,000$ shares of common stock outstanding.