Oriole Inc. acquired 10% of the 404,000 shares of common stock of Schuberger Corporation at a total cost of $11 per share on June 17, 2020. On September 3, Schuberger declared and paid a $104,000 dividend. On December 31, Schuberger reported net income of $504,000 for the year.
(b)		Skysong Corporation obtained significant influence over Hunsaker Company by buying 30% of Hunsakers 104,000 outstanding shares of common stock at a cost of $20 per share on January 1, 2020. On May 15, Hunsaker declared and paid a cash dividend of $104,000. On December 31, Hunsaker reported net income of $204,000 for the year.

Prepare all necessary journal entries for 2020 for (a) Oriole and (b) Skysong.