Situation 1 Indigo Cosmetics acquired 10% of the 191,000 shares of common stock of Martinez Fashion at a total cost of $14 per share on March 18, 2020. On June 30, Martinez declared and paid $81,300 cash dividend to all stockholders. On December 31, Martinez reported net income of $118,600 for the year. At December 31, the market price of Martinez Fashion was $15 per share. Situation 2 Sweet, Inc. obtained significant influence over Seles Corporation by buying 30% of Seless 32,500 outstanding shares of common stock at a total cost of $9 per share on January 1, 2020. On June 15, Seles declared and paid cash dividends of $37,700 to all stockholders. On December 31, Seles reported a net income of $83,000 for the year.

What are the correct account labels for this journal?? I'm pretty sure I have the numbers right but not the names. "Available for sale securities" is not an option.

Prepare all necessary journal entries in 2020 for both situations. (Credit account titles are automatically indented when amount is entered. Do not i for the amounts.) Date Credit Account Titles and Explanation Debit Situation 1: Indigo Cosmetics Equity Investments 267400 Mar. 18, 2020 Cash 267400 June 30, 2020 Cash 8130 Dividend Revenue 8130 Dec. 31, 2020 Fair Value Adjustment 19100 19100 Unrealized Holding Gair Situation 2: Sweet, Inc Jan. 1, 2020 Investment Income 87750 Cash 87750 June 15, 2020 Cash 11310 Investment Income 11310 Dec. 31, 2020 Equity Investments 24900 Investment Income 24900