Loreal Cosmetics acquired 19% of the 500,000 ordinary shares of Poodle Fashions at105 per share on February 14,2019. 3 months later, Poodle fashions declared and paid a 10.50 per share dividend, reported net income of1,200,000 for the year. The market price as reported on the Euronext was 9.75 per share. The shares are classified as non trading. 1.Prepare all the necessary journal entries for Paris Cosmetics. 2. Assume all the same facts except Paris Cosmetics acquired 35% of Poodle Fashions (a significant influence) Prepare all the necessary journal entries