Sunland Inc acquired $20\%$ of the outstanding common stock of Theresa Kulikowski Inc on December $31,2020.$ The purchase price was $$1,305,200$ for $50,200$ shares. Kulikowski Inc declared and paid an $$0\mathrm{.}75$ per share cash dividend on June $30$ and on December $31,2021.$ Kulikowski reported net income of $$763,000$ for $2021.$ The fair value of Kulikowski's stock was $$29$ per share at December $31,2021.$

$($a$)$ Prepare the journal entries for Sunland Inc for $2020$ and $2021,$ assuming that Sunland cannot exercise signficant influence over Kulikowski.

$($b$)$ Prepare the journal entries for Sunland Inc for $2020$ and $2021,$ assuming that Sunland can exercise significant influence over Kulikowski.