Condition #$1$:

O'Brien Inc. acquired $15\%$ of the $220,000$ shares of common stock of Fletcher Air at a total cost of $$13$ per share on February $17,2025.$ On July $31,$ Fletcher Air declared and paid $$72,400$ cash dividends to all stockholders. On December $31,$ Fletcher Air reported net income of $$146,900$ for the year. At December $31,$ the market price of Fletcher Air was $$12$ per share.

Condition #$2.$

Johnson Corporation obtained significant influence over Roybark Inc. by buying $40\%$ of Roybark's $130,600$ outstanding shares of common stock at a total cost of $$7$ per share on January $1,2025.$ On May $19,$ Roybark Inc. declared and paid cash dividends of $$41,300$ to all stockholders. On December $31,$ Roybark Inc. reported a net income of $$87,600$ for the year.

Required: Prepare all necessary journal entries in $2025$ for Condition #$1.$ If $"$No Entry" is needed, please indicate $"$No Entry". Round all values to the nearest dollar.

$\backslash$table$[[$Reference:$,$Account Title:,Debit:,Credit:$],[\frac{2}{17}\frac{?}{2025},$type your answer...,type your answer...,type your answer.$],[$type your answer...,type your answer...,type your answer.$],[\frac{7}{31}\frac{?}{2025},$type your answer...,type your answer...,type your answer.$],[$type your answer...,type your answer...,type your answer.$],[\frac{12}{31}\frac{?}{2025},$type your answer...,type your answer...,type your answer$-],[$type your answer...,type your answer...,type your answer.$],[\frac{12}{31}\frac{?}{2025},$type your answer...,type your answer...,type your answer..$],[$type your answer...,type your answer...,type your answer..$]]$

Required: Prepare all necessary journal entries in $2025$ for Condition #$2.$ If $"$No Entry" is needed, please indicate $"$No Entry".

$\backslash$table$[[$Reference:$]]$

$\backslash$table$[[$Reference:$,$Account Title:,Debit:,Credit:$],[\frac{1}{1}\frac{?}{2025},$type your answer...,type your answer....,type your answer.$],[$type your answer...,type your answer...,type your answer.$],[\frac{5}{19}\frac{?}{2025},$type your answer...,type your answer...,type your answer.$],[$type your answer..,type your answer...,type your answer.$],[\frac{12}{31}\frac{?}{2025},$type your answer.,type your answer...,type your answer.$],[$type your answer...,type your answer...,type your answer.$],[\frac{12}{31}\frac{?}{2025},$type your answer$\_.,$type your answer...,type your answer$\_],[$type your answer$\_,$type your answer..,type your answer.$]]$