1. Crane Cosmetics acquired 10% of the 133,500 ordinary shares of Racine Fashion at a total cost of C14 per share on March 18 , 2020. On June 30. Racine declared and paid a 61.000 dividend. On December 31, Racine reported net income of 125,800 for the year. At December 31, the market price of Racine Fashion was 16 per share. The shares are classified as non-trading. 2. Swifty Ltd obtained significant influence over Nowak Industries by buying 35% of Nowak's 23,600 outstanding ordinary shares at a total cost of 68 per share on January 1.2020. On June 15, Nowak declared and paid a cash dividend of C27.200. On December 31, Nowak reported a net income of 688,800 for the year. Prepare all the necessaryjournal entries for 2020 foc (a) Crane Cosmetics and (b) Swifty Ltd. (Credit account tities are outomatically indented when amount is entered. Do not indent manually. Record joumal entries in the order presented in the problem. If no entry is required, select "No entry" for the occount titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit 2020 (a) A SUPPORI