Situation 1: Cullumber Cosmetics acquired 10% of the 214,000 shares of common stock of Martinez Fashion at a total cost of $14 per share on March 18, 2025. On June 30, Martinez declared and paid $79,700 cash dividends to all stockholders. On December 31, Martinez reported net income of $110,600 for the year. At December 31, the market price of Martinez Fashion was $15 per share. Situation 2: Riverbed, Inc. obtained significant influence over Seles Corporation by buying 30% of Seles's 29,800 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 $35,800 to all stockholders. On December 31, Seles reported a net income of $92,300 for the year. Prepare all necessary journal entries in 2025 for both situations. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) Question 3 of 20 0.3/0.6 Date Account Titles and Explanation Debit Credit Situation 1: Cullumber Cosmetics Mar.18,2025 Sales Revenue Cash June 30, 2025 Cash Dividend Revenue Dec. 31,2025 Fair Value Adjustment Unrealized Holding Gain or Loss - Equity Situation 2: Riverbed, Inc Jan. 1, 2025 Equity Investments Question 3 of 20 0.3/0.631 Unrealized Holding Gain or Loss - Equity Situation 2: Riverbed, Inc Equity Investments Cash June 15, 2025 Cash Equity Investments Dec. 31,2025 Equity Investments Revenue from Investment