Milani, Incorporated, acquired $10$ percent of Seida Corporation on January $1,2023,$ for $$200,000$ and appropriately accounted for the investment using the fair$-$value method. On January $1,2024,$ Milani purchased an additional $30$ percent of Seida for $$576,000$ which resulted in significant influence over Seida. On that date, the fair value of Seida's common stock was $$1,920,000$ in total. Seida$$s January $1,2024,$ book value equaled $$1,770,000,$ although land was undervalued by $$138,000.$ 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 $$324,000$ and declared and paid dividends of $$107,000.$

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"

A$)$ RecoRecord the accrual of $40$ percent of the reported earnings of the investee.rd acquisition of Seida stock.

B$)$ RecRecord the amortization of fair value in excess of book value allocated to Trademark.ord the accrual of $40$ percent of the reported earnings of the investee.

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

D$)$ Record investee dividend declaration.

E$)$ Record collection of dividend from investee.