The following are two independent situations.

Situation 1

Conchita Cosmetics acquired 10% of the200,000shares of common stock of Martinez Fashion at a total cost of $13per share on March 18, 2014. On June 30, Martinez declared and paid a $75,000cash dividend. On December 31, Martinez reported net income of $122,000for the year. At December 31, the market price of Martinez Fashion was $15per share. The securities are classified as available-for-sale.

Situation 2

Monica, Inc. obtained significant influence over Seles Corporation by buying30% of Seless30,000outstanding shares of common stock at a total cost of $9per share on January 1, 2014. On June 15, Seles declared and paid a cash dividend of $36,000. On December 31, Seles reported a net income of $85,000for 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.)

Date	Account Titles and Explanation	Debit	Credit
Conchita Cosmetics
March 18, 2014
June 30, 2014
Dec. 31, 2014
Monica, Inc
Jan. 1, 2014
June 15, 2014
Dec. 31, 2014