The following are two independent situations. Situation 1 Riverbed Tables acquired 15% of the 4,700,000 shares of common stock of Robot Sofas at a total cost of $7.90 per share on April 1 , 2020. On August 8, Robot Sofas declared and paid a $264,000 cash dividend. On December 31 , Robot Sofas market price was $8 per share and the company reported net income of $671,000 for the year. The securities are classified as available-for-sale. Situation 2 On January 1, 2020, Marin Company purchased 40\% of Santos Corporation 523,000 outstanding shares of common stock at a total cost of $14 per share. On October 25, Santos declared and paid a cash dividend of $0.40 per share. On December 31 , Santos reported a net income of $922,000 for the year and the market price of its common stock was $15 per share. 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.)