orted net situation 1 Nash Cosmetics acquired 10% of the 215,000 shares o common stock of Martinez Fashion at a total cost of12 per share on March 18 2017 0 June 30, Martinez declared and paid $74,400 cash dividend to all stockholders on December 31 Martinez reported net incorne of 133,600 for the year. At December 31, the market price of Martine2 Fashion was 13 per share. The following are two independent situations. declan cash dividends of $35,400. On December 31 Seles declared and paid c Situation 2 eles corporation by buying 30% of Seles's 28,500 ane, Inc. obtained significant influence ov Seles reported a net income of $91,800 for the year. Entry" for is required slect "No Entry" for the account titles and enter O for the Prepare all necessary journal entrics in 201? for both situations. (Credit account titles are automatically indented vhen amount is entered. Do not indent manualy. If no entry