please answer asap and show work thank you

1. Investment in Equity Securities On January 1, 2021, Rawlins Company purchased 50,000 shares of Craft Company $5 par common stock for $38 per share. During 2021, Craft paid total dividends of $200,000 and reported net loss of $600,000. Craft stock was trading for $34 per share on December 31, 2021. During 2022, Craft paid total dividends of $100,000 and reported net income of $300,000. Craft stock was trading for $37 per share on December 31, 2022. Instructions: a. Prepare all necessary journal entries for 2021 and 2022 if Craft has 500,000 shares of common stock outstanding. b. Prepare all necessary journal entries for 2021 and 2022 if Craft has 200,000 shares of common stock outstanding