Milani, Inc., acquired 10 percent of Selda Corporation on January 1, 2020, for $190,000 and appropriately accounted for the Investment using the fair-value method. On January 1, 2021, Milani purchased an additional 30 percent of Selda for $600,000 which resulted in significant influence over Selda. On that date, the fair value of Selda's common stock was $2,000,000 in total. Selda's January 1, 2021, book value equaled $1,850,000, although land was undervalued by $120,000. Any additional excess fair value over Selda's book value was attributable to a trademark with an eight-year remaining life. During 2021, Selda reported income of $300,000 and declared and paid dividends of $110,000. Prepare the 2021 journal entries for Milani related to its Investment in Selda. (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 1 2 3 4 5 Record acquisition of Seida stock. Note: Enter debits before credits. Transaction General Journal Debit Credit Journal entry worksheet > 1 2 3 45 Record the 40% income earned by Seida. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 3 45 Record 2021 amortization for trademark excess fair value. Note: Enter debits before credits. Transaction 3 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet