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Presented below are two independent situations. 1. Cullumber Cosmetics acquired 10% of th +252,000 ordinary shares of Racine Fashion at a total cost of 11 per share on March 18, 2020. On June 30, Racine declared and paid a 76,900 dividend. On December 31, Racine reported net income of 112,700 for the year. At December 31 , the market price of Racine Fashion was 13 per share. The shares are classified as non-trading 2. Marigold Ltd obtained significant influence over Nowak Industries by buying 40% of Nowak's 21,900 outstanding ordinary shares at a total cost of 6 per share on January 1, 2020. On June 15, Nowak declared and paid a cash dividend of 39,600. On December 31. Nowak reported a net income of 681.200 for the year. Prepare all the necessary journal entries for 2020 for (a) Cullumber Cosmetics and (b) Marigold Ltd. (Credit account tities are automatically 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 O for the amounts.)