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 $$10$ per share on March $18,2027.$ On June $30.$ Nevins declared and paid a $$51,800$ dividend. On December $31.$ Nevins reported net income of $$110,600$ for the year. At December $31,$ the market price of Nevins Fashion was $$12$ per share.

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

Prepare all the necessary journal entries for $2027$ for $($a$)$ Oriole Cosmetics and $($b$)$ Sheffeld, Inc. $($List all debit entries before credit entries. Credit account titles are automatically indented when anount is entered. Do not indent mancully. Record journol entries in the order presented in the moblem. If no entry is fropuind, select $"$No entry" for the account titles and enter O for the amounts$)$