Milani, Inc., acquired 10 percent of Seida Corporation on January 1, 2020, for $192,000 and appropriately accounted for the investment using the fair-value method. On January 1, 2021, Milani purchased an additional 30 percent of Seida for $591.000 which resulted in significant influence over Seida. On that date, the fair value of Seida's common stock was $1,970,000 in total. Seida's January 1, 2021. book value equaled $1,820,000, although land was undervalued by $139,000. 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 $319,000 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.) Answer is complete but not entirely correct. No 1 Transaction 1 Investment in Seida Cash General Journal Debit Credit 00 600,000 600,000 2 2 Investment in Seida 123,200 Equity income-investment in Milani * 123,200 x 3 3 Equity income-investment in Milani Investment in Milani * 750x 750 4 4 Dividend receivable Investment in Seida 5 5 Cash Dividend receivable 30 43,200 43,200 43.200 43,200