Milan, Inc. acquired 10 percent of Seida Corporation on January 1, 2020, for $186.000 and appropriately accounted for the investment using the fair value method On January 1, 2021. Milani purchased an additional 30 percent of Seida for $609,000 which resulted in significant influence over Selda. On that date, the fair value of Selda's common stock was $2,030,000 in total Selda's January 1, 2021 book value equaled $1,880,000, although land was undervalued by $135,000. 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 $345.000 and declared and paid dividends of $100,000. Prepare the 2021 Journal entries for Milani related to its investment in Selda. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list X 1 Record acquisition of Selda stock. > 2 Record the 40% income earned during period by Selda 5 Record 2021 amortization for trademark excess fair value 4 Record dividend declaration from Selda. Credit 5 Record collection of dividend from investee Note = journal entry has been entered Record entry Clear entry View general journal