Milani, Inc., acquired 10 percent of Selda Corporation on January 1, 2020, for $186,000 and appropriately accounted for the investment using the fair-value method. On January 1, 2021, Milani purchased an additional 30 percent of Selda for $609,000 which resulted in significant influence over Selda. On that date, the fair value of Seida's common stock was $2,030,000 in total, Selda's January 1, 2021, book value equaled $1,880,000, although land was undervalued by $135,000. 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 $345,000 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.)