Oriole Company acquired $32\%$ of the outstanding common stock of Grinwold Inc. on January $1,2022,$ by paying $$2,032,000$ for

$63,500$ shares. Grinwold declared and paid a $$0\mathrm{.}50$ per share cash dividend on June $30$ and again on December $31,2022.$ Grinwold

reported net income of $$808,000$ for the year.

$($a$)$

Your answer is correct.

Prepare the journal entries for Oriole Company for $2022,$ assuming Oriole cannot exercise significant influence over Grinwold.

$($Use the cost method.$)($Record journal entries in the order presented in the problem. Credit account titles are automatically indented

when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter Of or the

amounts.$)$

$($b$)$

Prepare the journal entries for Oriole Company for $2022,$ assuming Oriole can exercise significant influence over Grinwold. $($Use

the equity method.$)($Record journal entries in the order presented in the problem. Credit account titles are automatically indented when

the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts.$)$