Presented below are two independent situations:

(a)Ivanhoe Inc. acquired10% of the414,000 shares of common stock of Schuberger Corporation at a total cost of $13 per share on June 17, 2020. On September 3, Schuberger declared and paid a $114,000 dividend. On December 31, Schuberger reported net income of $514,000 for the year.

(b)Tamarisk Corporation obtained significant influence over Hunsaker Company by buying30% of Hunsaker's114,000 outstanding shares of common stock at a cost of $17 per share on January 1, 2020. On May 15, Hunsaker declared and paid a cash dividend of $114,000. On December 31, Hunsaker reported net income of $214,000 for the year.