On January $1,2022,$ UGA Enterprises bought $4,000$ shares of Mizzou & Company, representing $35\%$ of Mizzou & Company$$s outstanding shares, at a price of $$30$ per share. UGA Enterprises uses the equity method of accounting for these investments.

The balance sheets of the two companies at December $31,2023$ are provided below:

$$ The market price of a share in Mizzou & Company was $$25$ and $$28$ on December $31,2023$ and $2022,$ respectively.

$$ Mizzou & Company paid cash dividends of $$50,000$ per year to its shareholders during each of the years ended December $31,2023$ and December $31,2022.$

$$ UGA Enterprises reported its Equity Investments in Mizzou & Company at $$50,000$ on December $31,2022.$

REQUIRED:

A$.$ What amount of dividends did UGA Enterprises receive in $2022?$

Answer: $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

B$.$ Determine the Net Income $($Loss$)$ reported by Mizzou & Company for the year ended December $31,2022$ and for the year ended December $31,2023($rounded to the nearest dollar$).$

Year ended December $31,2022$: $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Year ended December $31,2023$: $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$