the two accounts at the bottom are just options

These are two independent situations: 1. Pharoah Cosmetics acquired 13% of the 278,500 shares of common stock of Elite Fashion at a total cost of $14 per share on March 18, 2022. On June 30, Elite declared and paid a $69,800 dividend. On December 31, Elite reported net income of $263,120 for the year. At December 31, the market price of Elite Fashion was $15 per share. 2. Sheffield Inc. obtained significant influence over Kasey Corporation by buying 25% of Kasey's 30,500 outstanding shares of common stock at a total cost of $11 per share on January 1, 2022. On June 15, Kasey declared and paid a cash dividend of $32,100. On December 31, Kasey reported a net income of $120,900 for the year. (a) Your answer is partially correct. Prepare all the necessary journal entries for 2022 for Pharoah Cosmetics. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Mar. 18 Stock Investments 506870 Cash Mar. 18 4 Cash 9074 Dividend Revenue Cash Dec. 31 av Unrealized Loss on Available-for-Sale Securities Fair Value Adjustment-Available-for-Sale