Situation 1: Blue Cosmetics acquired 10% of the 182,000 shares of common stock of Martinez Fashion at a total cost of $12 per share on March 18,2025 . On June 30, Martinez declared and paid $76,700 cash dividends to all stockholders. On December 31 , Martinez reported net income of $113,500 for the year. At December 31, the market price of Martinez Fashion was $13 per share. Situation 2: Kingbird, Inc obtained significant influence over Seles Corporation by buying 30% of Seles's 28,900 outstanding shares of common stock at a total cost of $9 per share on January 1, 2025. On June 15 , Seles declared and paid cash dividends of $35,400 to all stockholders. On December 31. Seles reported a net income of $92,300 for the year. Situation 2: Kingbird. Inc