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 $641000 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 Selda'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.) Journal entry worksheet 1 2 Record acquisition of Seida stock. Note. Enter debits before credits. Transaction General Joumal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 > Record the 40% income earned during period by Seida. Note: Enter debits before credits. General Journal Debit Transaction 2 Credit Journal entry worksheet Record dividend declaration from Seida. Note: Enter debits before credits. Transaction General Journal Debit Credit 4 Record entry Clear entry View general journal Journal entry worksheet