10.00 points Brief Exercise 12-14 Fair value option; equity method investments 012-71 Turner Company purchased 35% of the outst ning stock of ICA Company for $10.600 000 on January 2, 2016. Tuner elects the fair value option to account for the investment. During 2016, ICA eams $840,000 of income and on December 30 pays a dividend of $560,000. On December 31, 2016, the fair value of Tuner's investment has increased to $12,700,000 Prepare the journal entries in the books of Turner to account for this investment during 2016. Assume Tuner ill account for the investment for a trading security (If no entry is required for a transactionlevent, select No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the investment. Note: EMer debits before credits Jaruary 02, 2016 TOSHIBA esc 2 3 4 5 tab 9