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Milani, Inc., acquired 10 percent of Seida Corporation bi and appropriately accounted for the investment using the fair value method. On January 1, 2021, Milani pur rcent of Seida for $675,000 which resulted in significant influence over Seida. On that date, the fair value stock was $2,010,000 in total, Selda's January 1, 2021, book value equaled $1,860,000, although land was undery 3.000. Any additional excess fair value over Seida's book value was attributable to a trademark with an eight year remaining I 21. Selda reported income of $262,000 and declared and paid dividends of $118,000." 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.) View transaction list Journal entry worksheet 5 Record acquisition of Seida stock Note: Enter dams before credits Transaction General Journal Debit fills credit