On June 1, 2021, Company purchases 900,000 shares of the outstanding stock of its strategic partner, Panther Corp, for $32 per share. This represents 40% of Panther Corp's stock. 49er exercises significant influence through its acquired shares. Panther Corp declares and pays a cash dividend of $1.35 per share on November 22, 2021. In addition, Panther Corp reports $850,000 of net income on December 31, 2021.

Required: Provide Companys journal entry information for 11/22/2021 and 12/31/2021 related to its investment in Panther Corp