Presented below are two independent situations:

$($a$)$ Crane Inc. acquired $10\%$ of the $423,000$ shares of common stock of Shamrock Corporation at a total cost of $$15$ per share onjune $17,2025.$ On September $3,$ Shamrock declared and paid a $$123,000$ dividend. On December $31,$ Shamrock reported net income of $$523,000$ for the year.

$($b$)$ Novak Corporation obtained significant influence over Sheridan Company by buying $30\%$ of Sheridan's $123,000$ outstanding shares of common stock at a cost of $$17$ per share on January $1,2025.$ On May $15,$ Sheridan declared and paid a cash dividend of $$123,000.$ On December $31,$ Sheridan reported net income of $$223,000$ for the year.

Prepare all necessary journal entries for $2025$ for $($a$)$ Crane and $($b$)$ Novak. $($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 the amount is entered. Do not indent manually. Record entries in the order presented in the problem.$)$