A LTI Launch X Question 6 - Ch.1 Consolidations X Q course hero - Search + X (@ https://ezto.mheducation.com/ext/map/index.html?_con=conexternal_browser=0launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect%252Fltiwrapper%252FltiaCloseWi... . . . Ch.1 Consolidations | Homework Saved Help Save Exit Submit G Check my work 6 W y! Milani, Incorporated, acquired 10 percent of Seida Corporation on January 1, 2023, for $186,000 and appropriately accounted for the investment using the fair-value method. On January 1, 2024, Milani purchased an additional 30 percent of Seida for $615,000 which 10 resulted in significant influence over Seida. On that date, the fair value of Seida's common stock was $2,050,000 in total. Seida's points January 1, 2024, book value equaled $1,900,000, although land was undervalued by $134,000. Any additional excess fair value over Seida's book value was attributable to a trademark with an eight-year remaining life. During 2024, Seida reported income of $319,000 f and declared and paid dividends of $116,000. eBook in Print Required: Prepare the 2024 journal entries for Milani related to its investment in Seida. References Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list View journal entry worksheet X No Transaction General Journal Debit Credit W 1 a Investment in Seida Cash GW 2 b Investment in Seida Equity in Investee I 3 C Equity in Investee Income Investment in Seida 4 d Dividend receivable Investment in Saida + Mc Graw Hill 2 Flood advisory In effect Q Search L hp 9:23 PM ~ ENG + ( D 10/7/2025