The followine are two independent situations.

Oriole Cosmetics xcquired $15$ of the $174\mathrm{.}500$ shares of common stock of Nevins Fashion at a total cont of $$10$ per share on March $18,2027,$ On June $30.$ Nevins declared and paid a $$51,$ Bco dividend On December $31.$ Nevins reported net income of $$110,600$ tor the vear. At December $31,$ the market price of Nievies Fantion was $$12$ per share.

Shelfeld. inc. obtained sierificant influence over Ropan Corporation by boring $30$ of posins $23500$ outstunting itharer of common stock at a total cont of $59$ per share on lariary $1.2027.$ On hure $15,$ Rocan dectared and paid a cash dividend of $$34,400$ On December $31.$ Rogan reported a net incone of $$86\mathrm{.}200$ for the year.

Prepare all the necessary journal entries for $2027$ for $($a$)$ Oriole Cosmetics and $($b$)$ Sheffield. inc. LList al debit entries before credit entries. Credit occount tities are automatically indented when amount is entered. Do not indent monually. Record foumal entries in the order presented in the problem. If no entry is required, select "Nio entry" for the account titles and enter $0$ for the amounts.$)$