Milani, Inc., acquired $10$ percent of Seida 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 Seida's common stock was $$2,000,000$ in total. Seida's January $1,2021,$

book value equaled $$1,850,000,$ although land was undervalued by $$120,000.$ Any additional excess fair value over Seida's book value

was attributable to a trademark with an eight$-$year remaining life. During $2021,$ Seida 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 Seida. $($If no entry is required for a transaction$/$event$,$ select

$"$No journal entry required" in the first account field.$)1$Record acquisition of Seida stock.

$2$Record the $40\%$ income earned by Seida.

$3$Record $2021$ amortization for trademark excess fair value.

$4$Record dividend declaration from Seida.

$5$Record collection of dividend from investee.