1. Sheridan Cosmetics acquired 15% of the 229,000 ordinary shares of Racine Fashion at a total cost of 12 per share on March 18. 2020 . On lune 30, Racine declared and paid a 647,800 dividend. On December 31, Racine reported net income of e118.200 for the year. At December 31, the market price of Racine Fashion was 614 per share. The shares are classified as non-trading: 2. Windsor ttd obtained significant influence over Nowak Industries by buying 40% of Nowak's 21,600 outstanding ordinary shares at a total cost of 7 per share on January 1,2020, On June 15, Nowak declared and paid a cash dividend of 34,300. On December 31 , Nowak reported a net income of 681,800 for the year. Prepare all the necessary journal entries for 2020 for (a) Sheridan Cosmetics and (b) Windsor Ltd. /Credit account titles are outomotically indented when amount is entered. Do not indent manuali). Record joumal entries in the order presented in the problem. If no entry is required, select 'No entry' for the account tities and enter O for the amounts)