Milani, inc., acquired 10 percent of seida corporation on january 1, 2017, for $188,000 and appropriately accounted for the investment using the fair-value method. on january 1, 2018, milani purchased an additional 30 percent of seida for $637,000 which resulted in significant influence over seida. on that date, the fair value of seida's common stock was $2,000,000 in total. seida's january 1, 2018 book value equaled $1,850,000, although land was undervalued by $135,000. any additional excess fair value over seida's book value was attributable to a trademark with an 8-year remaining life. during 2018, seida reported income of $308,000 and declared and paid dividends of $108,000. prepare the 2018 journal entries for milani related to its investment in seida.