The following are two independent situations Situation 1 Skysong Cosmetics acquired 10% of the 207,000 shares of common stock of Martinez Fashion at a total cost of $4 per share on March 18, 2020. On June Marie Gedare and paid $70,100 cash dividend to all stockholders. On December 31, Martin reported net income of $112.700 for the year Mt December, the price of tineri was $15 per share Situation 2 Concord, Inc. obtained significant influence over Seles Corporation by buying 40% of Seles's 30,800 outstanding shares of common to a total cost of the honda 1, 2020. On June 15. Seles declared and paid cash dividends of $33,000 to stockholders on December 31, Selas reportes et income of 100 for the Prepare all necessary Journal entries in 2020 for both situations. (Credit account titles are automatically indeed when montieres. De not dem. In entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Finlanatin nahi Date Account Titles and Explanation Debit Situation 1: Skysong Cosmetics Credit Situation 2: Concord, Inc