Presented below are two independent situations. Gambino Cosmetics acquired 15 % of the 153,000 shares of common stock of Nevins Fashion at a total cost of $13 per share on March 18, 2017. On June 30, Nevins declared and paid $76,300 dividend. On December 31, Nevins reported net income of $127,200 for the year At December 31, the market price of Nevins Fashion was $15 per share. The stock is classified as available-for-sale. (a) Kanza, Inc., obtained significant influence over Rogan Corporation by buying 35% of (b). Rogan's 22,300 outstanding shares of common stock at a total cost of $7 per share on January 1, 2017. On June 15, Rogan declared and paid a cash dividend of $26,600. On December 31, Rogan reported a net income of $73,100 for the year. Prenare all the necessary journal entries for 2017 for (a) Gambino Cosmetics and (b) Kanza, Inc. (Credit