1) Record acquisition of seida stock. 2) record the 40% income earned during petiod by seida. 3) record 2021 amortization for trademark excess fair. 4) record dividend declaration from seida. 5) record collection of divident from investe

Milani, Inc., acquired 10 percent of Seida Corporation nd appropriately accounted for the investment using the fair value method. On January 1, 2021, Milani t of Seida for $675.000 which resulted in significant influence over Seida. On that date, the fair value of $. stock was $2,010,000 in total, Selda's January 1, 2021, book value equaled $1,860,000, although land was undervalued .000. Any additional excess fair value over Seida's book value was attributable to a trademark with an eight year remaining lit 1. Selda reported income of $262,000 and declared and paid dividends ends of $118,000. Prepare the 2021 journal entries for Milani related to it's investment in Seida! (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 5 Record acquisition of Seida stock Enter dam before Transaction eneral Journal Debit Fit