As a long$-$term investment at the beginning of the $2024$ fiscal year, Florists International purchased $25\%$ of Nursery Supplies Incorporated's $20$ million shares for $$61$ million. The fair value and book value of the shares were the same at that time. During the year, Nursery Supplies earned net income of $$44$ million and distributed cash dividends of $$1\mathrm{.}40$ per share. At the end of the year, the fair value of the shares is $$57$ million.Required:Prepare the appropriate journal entries from the purchase through the end of the year. Record the investor's share of net income.