The following are two independent situations. 1 Sunland Cosmetics acquired 10% of the 122,500 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 $50,100 dividend. On December 31, Nevins reported net income of $114,200 for the year. At December 31, the market price of Nevins Fashion was $13 per share. Cheyenne, Inc., obtained significant influence over Rogan Corporation by buying 35% of Rogan's 31.900 outstanding shares 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 $22,700. On December 31, Rogan reported a net income of $74,500 for the year. 2. Prepare all the necessary journal entries for 2022 for (a) Sunland Cosmetics and (b) Cheyenne, Inc (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit (a) Date Credit Debit Account Tities and Explanation ( by (