The following are two independent situations. Conchita Cosmetics acquired 10% of the 204, 600 shares of common stock of Martinez Fashion at a total cost of $15 per share on March 18, 2014. On June 30, Martinez declared and paid a $77, 200 cash dividend. On December 31, Martinez reported net income of $123, 100 for the year. At December 31, the market price of Martinez Fashion was $17 per share. The securities are classified as available-for-sale. Monica, Inc. obtained significant influence over Seles Corporation by buying 32% of Seles's 32, 800 outstanding shares of common stock at a total cost of $11 per share on January 1, 2014. On June 15, Seles declared and paid a cash dividend of $40, 400. On December 31, Seles reported a net income of $87, 500 for the year. Prepare all necessary journal entries in 2014 for both situations. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)