The following are two independent situations 1. Crane Cosmetics acquired 15% of the 135, 500 shares of common stock of Nevins Fashion at a total cost of $11 per share on March 18,2022. On June 30, Nevins declared and paid a $53,500 dividend. On December 31, Nevins reported net income of $115,000 for the year. At December 31, the market price of Nevins Fashion was $13 per share. 2. Novak, Inc, obtained significant infloence over Rogan Corporation by buying 30% of Rogan's 35,300 outstanding shtares of common stock at a total cost of \$9 per share on January 1.2022. On June 15, Rogan declared and paid a cash dividend of \$33,900. On December 31, Rogan reported a net income of $87.500 for the year. Prepare all the necessary journal entries for 2022 for (a) Crane Cosmeties and (b) Novak Inc. (List all debit entries before credit entries. Credli account titles are automatically indented when amount is entered. Do not indent manully. Record journal entries in the order presented in the probiem. If no entry is required, select "No entry" for the account tities and enter O for the amounts)