Gambino Cosmetics acquired 10% of the 160,000 shares of common stock of Nevins Fashion at a total cost of $10 per share on March 18, 2017. On June 30, Nevins declared and paid a $44,000 dividend. On December 31, Nevins reported net income of $113,000 for the year. At December 31, the market price of Nevins Fashion was $12 per share. The stock is classified as available-for-sale. Kanza, Inc., obtained significant influence over Rogan Corporation by buying 40% of Rogan's 40,000 outstanding shares of common stock at a total cost of $9 per share on January 1, 2017. On June 15, Rogan declared and paid a cash dividend of $23,000. On December 31, Rogan reported a net income of $84,000 for the year. Prepare all the necessary journal entries for 2017 for (a) Gambino Cosmetics and (b) Kanza, Inc