Milani, Incorporated, acquired $10$ percent of Seida Corporation on January $1,2023,$ for $$184,000$ and appropriately accounted for the investment using the fair$-$value method. On January $1,2024,$ Milani purchased an additional $30$ percent of Seida for $$597,000$ which resulted in significant influence over Seida. On that date, the fair value of Seida's common stock was $$1,990,000$ in total. Seida$$s January $1,2024,$ book value equaled $$1,840,000,$ although land was undervalued by $$139,000.$ Any additional excess fair value over Seida's book value was attributable to a trademark with an eight$-$year remaining life. During $2024,$ Seida reported income of $$275,000$ and declared and paid dividends of $$109,000.$

Required:

Prepare the $2024$ journal entries for Milani related to its investment in Seida.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. $1$Record acquisition of Seida stock.

$2$Record the accrual of $40$ percent of the reported earnings of the investee.

$3$Record the amortization of fair value in excess of book value allocated to Trademark.

$4$Record investee dividend declaration.

$5$Record collection of dividend from investee.