Problem #4 Information relating to equity investments made in 2022 by Harty Corporation follows: 1. On January 1, 2022, Harty obtained significant influence over Laurel Inc. by buying 30% of Laurel's 120,000 issued common shares at $24 per share. On June 15, 2022, Laurel declared and paid a cash dividend of $1.50 per share. On December 31, Laurel reported net income was $280,000, and its shares were trading at $25.50. 2. On March 1, 2022, as a trading investment, Harty acquired 12% of the 250,000 issued common shares of Noah Limited at $8 per share. On July 1, 2022, Noah declared and paid a cash dividend of $2 per share. On December 31, 2022, Noah's reported net income was $654,000 for the year and its shares were trading at $7.50. 3. What is the effect on the financial statements related to these investments? Instructions Prepare all necessary journal entries relating to these two investments for 2022 for Harty Corporation. (15 marks)