on June $17,2022.$ On September $3,$ Schuberger declared and paid a $$118,000$ dividend. On December $31,$ Schuberger reported net income of $$518,000$ for the year.

$($b$)$ Oriole Corporation obtained significant influence over Hunsaker Company by buying $30\%$ of Hunsaker's $118,000$ outstanding shares of common stock at a cost of $$19$ per share on January $1,2022.$ On May $15,$ Hunsaker declared and paid a cash dividend of $$118,000.$ On December $31,$ HunsaRer reported net income of $$218,000$ for the year.

Prepare all necessary journal entries for $2022$ for $($a$)$ Sunland and $($b$)$ Oriole. $($List all debit entries before credit entries. If no entry is required, select $"$No entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record entries in the order presented in the problem.$)$

Date

$($a$)$

$($b$)$

$($b$)$

Debit

Credit