The following are independent situations. Situation 1: Skysong Cosmetics acquired 1086 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 $80,900 cash dividends to all stockholders, On December 31, Martirez reported net income of $121,000 for the year. At December 31, the market price of Martinez Fashion was $15 per share. Situation 2: Concord, Inc- obtained significant influence over Seles Corporation by buying 30\% of Seles's 29.700 outstanding shares of common stock at a total cost of $10 per share on January 1,2025, On June 15, Seles declared and paid cash dividends of $33,000 to all stockholders. On December 31 , Seles reported a net income of $79,200 for the year. Prepare all necessary journal entries in 2025 for both situations. (List all debit entries before credit entries. Credit occount titles are automatically indented when amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. Record journal entries in the order presented in the problem)