The following are independent situations.

Situation $1$:

Sandhill Coametics acquired $10\%$ of the $218,000$ sharss of common stock of Martinez Fashion at a total coat of $$13$ per share on

March $18,2025.$ On June $30,$ Martinez daclarsd and paid $$71,300$ cash dividands to all stocicholdars. On December $31,$ Martinez

reported net income of $$119,000$ for the year. At December $31,$ the marlost price of Martinaz Fashibn was $$14$ per share.

Situation $2$:

Teal, Inc. obtainad siznificant influence over Sales Corporation by buying $3096$ of Sales's $32,300$ outstanding shares of common stock at

a tatal cost of $$9$ par share on January $1,2025.$ On June $15,$ Salas declarsd and paid cash dividends of $$35,200$ to all stockholders. On

Decamber $31,$ Seles reportad a net income of $$82,000$ for the yaar.

Prspars all nacessary journal antriss in $2025$ for both situations. $($List all debit entries before credit entries. Credit account titles are

automatically indented wher amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and

enter $O$ for the amounts. Recond journal entries in the order presented in the problem.$)$