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Check my On January 2, 2021, Sanborn Tobacco Inc. bought 10% of Jackson Industry's capital stock for $107 million. Jackson Industry's net income for the year ended December 31, 2021, was $137 million. The fair value of the shares held by Sanborn was $132 million at December 31, 2021. During 2021, Jackson declared a dividend of $77 million Required: 1. Prepare all appropriate journal entries related to the investment during 2021. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) View transaction list Journal entry worksheet 1 2 3 4 Record the purchase of Jackson Industry capital stock for $107 million Note: Enter debits before credits Debit General Journal Transaction Credit Record entry Clear entry View general Journal View transaction list Journal entry worksheet 1 2 3 4 Record Sanborn Tobacco's portion of Jackson Industry's net income of $137 million. Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Record entry Clear entry View general Journal MacBook Pro should be entered as 5.5).) ok View transaction list t Journal entry worksheet MacBook Pro View transaction list Journal entry worksheet MacBook Pro