Marigold Cosmetics acquired $10\%$ of the $191,000$ shares of common stock of Martinez Fashion at a total cost of $$14$ per share on March $18,2025.$ On June $30,$ Martinez declared and paid $$69\mathrm{.}200$ cash diVidends to all stockholders. On December $31,$ Martinez reported net income of $$116,000$ for the year. At December $31,$ the market price of Martinez Fashion was $$15$ per share.Situation $2$:Swifty, Inc obtained signifidant influence over Seles Corporation by buying $40\%$ of Seles': $28,500$ outstanding shares of common stock at a total cost of $$9$ per share on January $1,2025.$ On June $15,$ Seles declared and paid cash dividends of $$38,100$ to all stockholders.On December $31,$ Seles reported a net income of $$78,200$ For the yearPrepare all necessary journal entries in $2025$ for both situations. $($Listall debit entries before credit entries. Creditaccount titles areautomaticelly Indented when anount is entered. Do not indent manuathe Ifnoentry is required, select $"$Ho Entry for the account titles and enterO for the amounts. Record journal entries in the order presented in the problem.$)$DateAccount Titles and ExplanationDebitCreditSituation $1$: Marleold CosmetiesSituation $2$: Swifty, Inc