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Check my wo 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 2. Assume that Sanborn sold the stock on January 2, 2022 for $144 million. Prepare the journal entries Sanborn would use to record the sale. (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 2 2. Assume that Sanborn sold the stock on January 2, 2022 for $144 million. Prepare the journal entries Sanborn would use to record the sale. (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 Record the sale of stock on January 2, 2022 for $144 million. ces Note: Enter debits before credits. Transaction General Journal Debit Credit 2 Record entry Clear entry View general Journal MacBook Pro