Two independent situations. Situation 1 Tamarisk Cosmetics acquired 10% of the 184000 shares of common stock of Martinez Fashion at a total cost of $13 per share on March 18, 2017. On June 30, Martinez declared and paid $69400 cash dividend to all stockholders. On December 31, Martinez reported net incomr of $113000 for the year. At Decemeber, the market pricr of Martinez Fashion was $14 per share. Situation 2 Vaughn Inc. obtained significant influence over Seles Corporation by buying 30% of Seles's 31,400 outstanding shares pf common stock at a total cost of $9 per share on January 1, 2016. On June 15, Seles declared and paid cash dividends of $39100. On Decemeber 31, Seles reported a net income of $85000 for the year. Prepare all necessary journal entries in 2017 for both situations