Notes:

Source
Thanks Danbooru for the translations!

Part 1
Celestia: The world is so large. Why don't you go now and become an idol?

Twilight: And so i looked for you guys. Would you please tell me what's the most important thing to become an idol?

[Campus Idol: µ's]
Honoka: You need to be famous and have popularity.
We can save the school when we have popularity.
We're a little bit famous now after working hard all this time.

Twilight: In this case… What do you guys think of us?
Honoka: Hmm…

Part 2
Trusted Aide of the Highest Ruler of Equestria
When in trouble, find TS
Renowned Academic Top-Ranker
Princess (Ruling Class)
Campus Idol

Demi-Goddess
Ambasador of Animals
Sweet Voice, Soft Body, Easy to Push Over
Renowned Model
Best Pony for Marriage TOP 1

Distinguished Outstanding Youth
Want an apple? Find Jack
Famous Cowboy
The Most Trustworthy Pony of Equestria

REAL – Rainbow Pony
Sports Star
King of Popularity
Team Captain
Superhero
Signature Attack: Sonic Rainboom

GOD HORSE
Number of Friends MAX
Entertainment Star
Party Guru
Ubiquitous

Famous Fashion Designer
Team Captain of The Pony Tones
Socialite-quine

Honoka: To be honest, it doesn't matter if you become famous or not~ Spending every day with your friends is good enough~