As a long$-$term investment at the beginning of the $2024$ fiscal year, Florists International purchased $30\%$ of Nursery Supplies

Incorporated's $10$ million shares for $$76$ 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 $$60$ million and distributed cash dividends of $$2\mathrm{.}00$ per share. At the end of the year, the

fair value of the shares is $$72$ million.

Required:

Prepare the appropriate journal entries from the purchase through the end of the year.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Enter your answers

in millions, $($i$.$e$.,10,000,000$ should be entered as $10).$

Answer is complete but not entirely correct.