Information Pertaining to Long-Term Equity Investments in 2021 by Trader

Information pertaining to long-term equity investments in 2021 by Trader Corporation follows:
- Acquired 17% of the 250,000 common shares of the public company The Stone Inc. at a total cost of $ 8 per share on January 1, 2021. On July 1, The Stone declared and paid a cash dividend of $ 2 per share. On December 31, The Stone 's reported profit was $ 654,000 for the year. The fair value of the The Stone shares at December 31 was $ 8.50. Assume that the company has elected to report the gains/losses resulting from the fair value adjustments in other comprehensive income.
- Obtained significant influence over Webster Corporation by buying 30% of Webster's 100,000 common shares at a total cost of $ 22 per share on January 1, 2021. On June 15, Webster declared and paid a cash dividend of $ 1.75 per share. On December 31, Webster's reported profit was $ 250,000. The fair value of the Webster shares at the end of December 31 was $ 23.50.
Instructions
Prepare all necessary journal entries for 2021 for Trader Corporation.