The following are two independent situations.

Oriole Cosmetics acquired $15\%$ of the $174,500$ shares of common stock of Nevins Fashion at a total cost of $$10$ per share on March $18.2027.$ On June $30,$ Nevins declared and paid a $$51\mathrm{.}800$ dividend. On December $31,$ Nevins reported net income of $$110\mathrm{.}600$ tor the year. At December $31,$ the market price of Nevins Fashion was $$12$ per share.

Shetfeld, Inc. obtained signifcant influence over Rogan Corporation by buying $30$ : of Rogan's $23\mathrm{.}500$ outstanding shares of common stock at a total cost of $$9$ per share on January $1\mathrm{.}2027.$ On June $15,$ Rogan declared and paid a cash dividend of $$34,400.$ On December $31.$ Rogan reported a net income of $$86\mathrm{.}200$ for the year.

Prepare all the necessary journal entries for $2027$ for $($a$)$ Oriole Cosmetics and $($b$)$ Shetfield. Inc. $($List all debit entries before credit entries. Credit occount titles are outomatically indented when amount is entered. Do not indent manually. Record joumal entries in the order presented Credit account tites are automabically problented if no entry is moquired, select $"$No entry' for the account titles and enter Ofor the amounts$).$