ERTUNG Your answer is partial correct. Thyagan The following are two independente Situation 1 Carta Cosmetics acquired 10% of the 182,000 shares of common stock of Martin a total cost of $12 person March 18, 2020. O June 30, Martin deed we can dividend to all stockholders. On December 31, Martineported income of $117.500 for the year. Albert 1, the map of Marties 11 Situation 2 Sarasota, Inc obtained continence over Bees Corporation by buying on Seles.20.000 tanding heres of common pod tort of 19 per share on Wowwy 1, 2020. One 15. Seles declared and said condividends of $35.400 to alter on December 31, eles reportedoret me 2.300 or the year Prepare all necessary Journal entre in 2020 for both stuntient Cront account bibles are automatically indented when amount is entered the metindent many are entry is required, select "No Entry for the accounts and enter for the amount) Date Account and Explanation Debat Credit Situation 1 Carte Cosmetics Mari 2010 Debt Investments 215.00 21100 June 30, 2020 Cash 7670 7670 Dividend Rover Dec 31, 2020 Fair Value Adjustment TO 218400 Cash 7670 June 30, 2020 Cash > 7670 Dividend Revenue Dec 31, 2020 Fair Value Adjustment 18200 18200 Unrealized Holding Gait Situation 2: Sarasota, Inc Jan 1, 2020 Gain on Sale of Investmen 78030 Cash 78030 Cash Cash (June 15, 2020 10620 Dividend Revenue 10620 Dec 31, 2020 Gain on Sale of Investmen 27690 Investment Income 27690 Click if you would like to Show Work for this question: Open Show Work