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Brief Exercise 12-12 (Algo) Equity method and dividends (L012-6) Turner Company owns 50% of the outstanding stock of ICA Company. During the current year, ICA

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Brief Exercise 12-12 (Algo) Equity method and dividends (L012-6) Turner Company owns 50% of the outstanding stock of ICA Company. During the current year, ICA paid a $8 million cash dividend on its common shares What effect did this dividend have on Turner's 2021 financial statements? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (.e., 5,500,000 should be entered as 5,5). If there is no effect to an element of the financials statements, select "No effect") Balance sheet million millon milton Income statement

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