As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 25% of Nursery Supplies Inc.'s 24 million shares for $71 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 $80 million and distributed cash dividends of $0.50 per share. At the end of the year, the fair value of the shares is $67 million. Required: Prepare the appropriate journal entries from the purchase through the end of the year.