Book Print Check m Milani, Inc., acquired 10 percent of Seida Corporation on January 1, 2020, for $192,000 and appropriately accounted for the investment using the fair-value method. On January 1, 2021, Milani purchased an additional 30 percent of Seida for $591,000 which resulted in significant influence over Seida. On that date, the fair value of Seida's common stock was $1,970,000 in total. Seida's January 1, 2021, book value equaled $1,820,000, although land was undervalued by $139,000. Any additional excess fair value over Seida's book value was attributable to a trademark with an eight-year remaining life. During 2021, Seida reported income of $319,000 and declared and paid dividends of $100,000. Prepare the 2021 journal entries for Milani related to its investment in Seida. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) + erences View transaction list View journal entry worksheet No Transaction General Journal 1 1 Investment in Seida Cash 2 2 Investment in Seida Equity in Investee Income 3 3 Equity in Investee Income Investment in Seida Debit Credit 591,000 591,000 127,600 127,600 View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 1 1 Investment in Seida 591,000 Cash 591,000 2 2 Investment in Seida Equity in Investee Income 3 3 Equity in Investee Income Investment in Seida 127,600 127,600 4 4 Dividend receivable 40,000 Investment in Seida 40,000 i 5 5 Cash Dividend receivable 40,000 40,000