Milan, Inc. acquired 10 percent of Selda Corporation on January 1, 2020, for $190,000 and appropriately accounted for the investment using the fair value method. On January 1 2021, Milani purchased an additional 30 percent of Seida for $600,000 which resulted in significant influence over Seida. On that date, the fair value of Selda's common stock was $2,000,000 in total Seida's January 1, 2021 book value equaled 51850,000, although land was undervalued by $120,000. Any additional excess fair value over Seida's book value was attributable to a trademark with an eight-year remaining life. During 2021. Selda reported income of $300,000 and declared and paid dividends of $110,000 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 cared by Seida. 3 Record 2021 amortization for trademark excess fair value Record dividend declaration from Seida 5 Record collection of dividend from investee Credit