The following are two independent situations. Situation 1 Riverbed Cosmetics acquired 10% of the 215,000 shares of common stock of Martinez Fashion at a total cost of $14 per share on March 18, 2020. On June 30, Martinez declared and paid $73,300 cash dividend to all stockholders. On December 31, Martinez reported net income of $131,600 for the year. At December 31, the market price of Martinez Fashion was $15 per share. Situation 2 Marin, Inc. obtained significant influence over Seles Corporation by buying 40% of Seless 32,700 outstanding shares of common stock at a total cost of $10 per share on January 1, 2020. On June 15, Seles declared and paid cash dividends of $32,800 to all stockholders. On December 31, Seles reported a net income of $89,100 for the year. Prepare all necessary journal entries in 2020 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
Situation 1: Riverbed Cosmetics
choose a transaction date Jan. 1, 2020Mar. 18, 2020June 15, 2020June 30, 2020Dec. 31, 2020	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 1, 2020Mar. 18, 2020June 15, 2020June 30, 2020Dec. 31, 2020	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 1, 2020Mar. 18, 2020June 15, 2020June 30, 2020Dec. 31, 2020	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
Situation 2: Marin, Inc
choose a transaction date Jan. 1, 2020Mar. 18, 2020June 15, 2020June 30, 2020Dec. 31, 2020	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 1, 2020Mar. 18, 2020June 15, 2020June 30, 2020Dec. 31, 2020	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date Jan. 1, 2020Mar. 18, 2020June 15, 2020June 30, 2020Dec. 31, 2020	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount