Pina Cosmetics acquired 10% of the 215,000 shares of common stock of Martinez Fashion at a total cost of $14 per share on March 18, 2025. On June 30, Martinez declared and paid $73,300 cash dividends to all stockholders. On December 31, Martinez reported net income of $131,600 for the year. At December 31, the market price of Martinez Fashion was $15 per share. Situation 2: Grouper, Inc. obtained significant influence over Seles Corporation by buying 40% of Seles's 32,700 outstanding shares of common stock at a total cost of $10 per share on January 1, 2025. On June 15, Seles declared and paid cash dividends of $32,800 to all stockholders. On December 31, Seles reported a net income of $89,100 for the year. Prepare all necessary journal entries in 2025 for both situations. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem.)