Presented below are two independent situations. 1. Blossom Cosmetics acquired 10% of the 100,000 ordinary shares of Racine Fashion at a total cost of 10 per share on March 18, 2020. On June 30, Racine declared and paid a 40,000 dividend. On December 31. Racine reported net income of 110,000 for the year. At December 31 , the market peice of Racine Fashion was 12 per share. The shares are classified as non-trading: 2. Nash Ltd, obtained significant influence over Nowak Industries by buying 30% of Nowak's 20,000 outstanding ordinary shares at a total cost of E5 per share on January 1, 2020. On June 15. Nowak declared and paid a cash dividend of 620,000 . On December 31, Nowak reported a net income of 670,000 for the year: Prepare all the necessary journal entries for 2020 for (a) Blossom Cosmetics and (b) Nash Ltd. (Credit account titles are outomatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)