Presented below are two independent situations.

1. Heath Cosmetics acquired 15% of the 225,800 shares of common stock of Van Fashion at a total cost of $14 per share on March 18, 2011. On June 30, Van declared and paid a $53,000 dividend. On December 31, Van reported net income of $109,800 for the year. At December 31, the market price of Van Fashion was $16 per share. The stock is classified as available-for-sale.
2. Yoder, Inc., obtained significant influence over Parks Corporation by buying 30% of Parks 25,700 outstanding shares of common stock at a total cost of $7 per share on January 1, 2011. On June 15, Parks declared and paid a cash dividend of $25,700. On December 31, Parks reported a net income of $74,400 for the year.

Prepare all the necessary journal entries for 2011 for (a) Heath Cosmetics and (b) Yoder, Inc.