Milani, Inc., acquired 10 percent of Seida Corporation on January 1, 2017, for $196,000 and appropriately accounted for the investment using the fair-value method. On January 1, 2018, Milani purchased an additional 30 percent of Seida for $647,000 which resulted in significant influence over Seida. On that date, the fair value of Seida's common stock was $2,050,000 in total. Seida's January 1, 2018 book value equaled $1,900,000, although land was undervalued by $131,000. 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 $342,000 and declared and paid dividends of $102,000. 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.)

Event	Account Title	Debit	Credit
1	investment in Seida
	cash
	(to record acquisition)
2	investment in Seida
	equity income-investment in Seida
	(to record income for the year)
3	equity income-investment in Seida
	investment in Seida
	(annual amortization of trademark)
4	dividend revenue
	investment is Seida
5	cash
	dividend revenue
	(to record collection of dividend)