The following are two independent situations. 1. Blossom Cosmetics acquired 15% of the 202,000 shares of common stock of Nevins Fashion at a total cost of $11 per share on March 18, 2020.On June 30, Nevins declared and paid a $46,500 dividend. On December 31, Nevins reported net income of $128,000 for the year. At December 31, the market price of Nevins Fashion was $13 per share. 2. Sunland, Inc., obtained significant influence ove Rogan Corporation by buying 35% of Rogan's 28,100 outstanding shares of common stock at a total cost of $5 per share on January 1, 2020. On June 15, Rogan declared and paid a cash dividend of $33,700, On December 31, Rogan reported a net income of $79,500 for the year