Milani, Inc., acquired $10$ percent of Seida Corporation on January $1,2020,$ for $$180,000$ and appropriately accounted for the investment using the fair$-$value method. On January $1,2021,$ Milani purchased an additional $30$ percent of Seida for $$618,000$ which resulted in significant influence over Seida. On that date, the fair value of Seida's common stock was $$2,060,000$ in total. Seida$$s January $1,2021,$ book value equaled $$1,910,000,$ although land was undervalued by $$137,000.$ 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 $$259,000$ and declared and paid dividends of $$105,000.$

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.$)$