Milani, Inc., acquired 10 percent of Seida Corporation on January 1, 2017, for $187,000 and appropriately accounted for the investme using the fair-value method. On January 1, 2018, 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, 201- book value equaled $1,910,000, although land was undervalued by $132,000. Any additional excess fair value over Seida's book valu was attributable to a trademark with an 8-year remaining life. During 2018, Seida reported income of $258,000 and declared and pai dividends of $101.000. Prepare the 2018 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.) View transaction list Journal entry worksheet 2 3 4 5 Record acquisition of Seida stock. Prey of 5 Next Record acquisition of Seida stock. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 2.060.000 Investment in Seida Cash 2.060.000 view general journa Clear entry Record entry Journal entry worksheet