Presented below are two independent situations. (a) Gambino Cosmetics acquired 15% of the 123,500 shares of common stock of Nevins Fashion at a total cost of $10 per share on March 18, 2017. On June 30, Nevins declared and paid a $58,800 dividend. On December 31, Nevins reported net income of $120,100 for the year. At December 31, the market price of Nevins Fashion was $12 per share. The stock is classified as available-for-sale. (b) Kanza, Inc., obtained significant influence over Rogan Corporation by buying 35% of Rogans 24,900 outstanding shares of common stock at a total cost of $5 per share on January 1, 2017. On June 15, Rogan declared and paid a cash dividend of $33,700. On December 31, Rogan reported a net income of $82,600 for the year. Prepare all the necessary journal entries for 2017 for (a) Gambino Cosmetics and (b) Kanza, Inc.