The following are independent situations. Situation 1: Marigold 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, 2025. On June 30. Martinez declared and paid \$81,300 cash dividends to all stockholders. On December 31, Martinez reported net income of $118,600 foc the year. At December 31, the market price of Martinez Fashion was $15 per share. Situation 2: Swifty, Inc, obtained significant influence over Seles Corporation by buying 30\% of Seles's 32,500 outstanding shares of common stock at a total cost of $9 per share on Jantiary 1,2025. On June 15 , 5eles declared and paid cash dividends of $37,700 to all stocidiolders: On December 31 , Seles reported a net income of $83,000 for the year. Ptepare alf necessary journal entries in 2025 for both situations. (List all debit entries before credil entries. Credit occount tisles are outomatically indented wher amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter o for the amounts. Record joumal entries in the onder presented in the probiems]