Milani, Inc., acquired $10$ percent of Seida Corporation on January $1,2020,$ for $$195,000$ and appropriately accounted for the investment using the fair$-$value method. On January $1,2021,$ Milani purchased an additional $30$ percent of Seida for $$624,000$ which resulted in significant influence over Seida. On that date, the fair value of Seida's common stock was $$2,080,000$ in total. Seida$$s January $1,2021,$ book value equaled $$1,930,000,$ although land was undervalued by $$130,000.$ 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 $$342,000$ and declared and paid dividends of $$100,000.$

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.$)$

Record acquisition of Seida stock.

Record the $40\%$ income earned during period by Seida.

Record $2021$ amortization for trademark excess fair value.

Record dividend declaration from Seida.

Record collection of dividend from investee.