The following are independent situations Situation 1: Marin Cosmetics acquired 10% of the 191,000 shares of common stock of Martinez Fashion at a total cost of $13 per share on March 18, 2025. On June 30. Martiner declared and paid $74,500 cash dividends to allstockholders. On December 31, Martincz reported net income of $120,500 for the year. At December 31 , the market price of Martinez Fashion was $14 per share. Situation 2: Headland, inci obtained sigrificant influence over Seles Corporation by buying 40\% of Seles's 31,700 outstanding shares of common stock ata total cost of $8 per share on January 1, 2025. On June 15. Seles dectared and paid cash dividends of $32,600 to all stockholders. On December 31. Seles reported a net income of $81,300 for the year Prepare all necessary journal entries in 2025 for both situations. (List all debit entries before credit entries. Credit account tities are automotically indented when amount is entered. Do not indent manuolly. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. Date Account Situation. 1: Marin Cosmetics Mie 18, 2025 Equity inwitments Cash June 30.2025 is Cash Dividend Revenue Dec.312025 Fair Value Adgustment Unrealized Holifing Cait or Loss-income Siturtion 2: Headland. Inc