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18. Milani, Inc., acquired 10 percent of Seida Corporation on January 1,2023 , for $190,000 and appro. priately accounted for the investment using the fair-value method. On January 1, 2024, Milani purchased an additional 30 percent of Seida for $600,000 that resulted in significant influence over Seida. On that date, the fair value of Seida's common stock was $2,000,000 in total. Seida' January 1,2024 , book value equaled $1,850,000, although land was undervalued by $120,000. Any additional excess fair value over Seida's book value was attributable to a trademark with an eightyear remaining life. During 2024, Seida reported income of $300,000 and declared and paid divi. dends of $110,000. Prepare the 2024 journal entries for Milani related to its investment in Seida