Milani, Inc., acquired 10 percent of Seida Corporation on January 1, 2017, for $183,000 and appropriately accounted for the investment using the fair-value method. On January 1, 2018, Milani purchased an additional 30 percent of Seida for $651,000 which resulted in significant influence over Seida. On that date, the fair value of Seida's common stock was $2,020,000 in total. Seida's January 1, 2018 book value equaled $1,870,000, although land was undervalued by $136,000. Any additional excess fair value over Seida's book value was attributable to a trademark with an 8-year remaining life. During 2018, Seida reported income of $315,000 and declared and paid dividends of $106,000. Prepare the 2018 journal entries for Milani related to its investment in Seida.