Localized entities in database

I'm developing a ASP.NET Core MVC application and need to design Multilanguage values for entities. There is a lot information how to support localization in UI pages using .resx. I'm looking for some common pattern how to support localization for entities (not for static content on web page), that can be edited by user.

Let say there is a simple dictionary in database table with Statuses

Id     Name
----------------------------------------------
1      Not processed
2      To be cancelled
3      To be corrected
4      Processed
5      Rejected

User can create a new status or add translation for other language. The question is how to design tables and how to store translations for other languages?

For now I have a few approaches

1) create table Languages with all supported languages. Create table Translations

  Id   LanguageId  Key              Value
  ------------------------------------------------
  1    en          NotProcessed     Not processed
  2    pl          NotProcessed     Nie przetworzony
  3    de          NotProcessed     Nicht verarbeitet
  4    en          ToBeCancelled    To be cancelled
  5    de          ToBeCancelled    Zu stornieren

the status table will be

    Id     Name                   TranslationKey
    ----------------------------------------------
    1      Not processed          NotProcessed        
    2      To be cancelled        ToBeCancelled    

then using according to language select proper translations that will show to user.

2) do not create Translations table, but add column

  Id     Name                   Translations
    ----------------------------------------------
    1      Not processed          en:Not processed;pl:Nie przetworzony;de:Nicht verarbeitet      
    2      To be cancelled        en:To be cancelled;de:Zu stornieren

What do you think about it? I don't know how to keep translations for my entities, may be there are some reliable ways. Please suggest.