On January $1,2023,$ Bactin Corporation acquired $15\%$ of Oakton Company for $$108,000.$ On that date, the total book value and fair value of Oakton's identifiable net assets was $$908,000.$ Any difference between cost and fair value is attributable to goodwill. In $2023,$ Oakton reported net income of $$68,000$ and paid dividends of $$38,000.$ On January $1,2024,$ Bactin Corporation bought another $15\%$ of Oakton for $$108,000,$ and on that date, the book value and fair value of Oakton's net assets still was $$908,000($the fair value of Oakton did not change during $2023).$ Bactin concluded that its $30\%$ ownership now allowed it to significantly influence Oakton$$s operations. In $2024,$ Oakton reported net income of $$88,000$ and paid dividends of $$48,000.$

Required:

Prepare all journal entries for Bactin for $2023$ and $2024,$ assuming no change in fair value of the Oakton stock during that time period.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.