• Cash
• Cash surrender value of life insurance
• Discount on bond investment
• Dividend revenue
• Fair value adjustment
• Gain on life insurance settlement
• Gain on sale of investments
• Income summary
• Insurance expense
• Investment in equity securities
• Investment in U.S. treasury bills
• Investment in U.S. treasury bonds
• Investment revenue receivable
• Loss on sale of investments
• Net unrealized holding gains and losses - I/S
• Net unrealized holding gains and losses - OCI
• No effect
• Other-than-temporary impairment loss - I/S
• Other-than-temporary impairment loss - OCI
• Retained Earnings

Turner Company owns 35% 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 (i.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".) X Answer is not complete. Balance sheet: Cash 2.8 million million Income statement: million