Check my work 9 On March 31, 2018, Chow Brothers, Inc., bought 7% of KT Manufacturing's capital stock for $51.2 million. KT's net income for the year ended December 31, 2018, was $80.4 million. The fair value of the shares held by Chow was $35.8 million at December 31, 2018. KT did not declare or pay a dividend during 2018. points 1. Prepare all appropriate journal entries related to the investment during 2018 2. Assume that Chow sold the stock on January 20, 2019 for $30.4 million. Prepare the journal entries to record the sale Skipped Complete this question by entering your answers in the tabs below eBook Print References Required 1Required 2 Prepare all appropriate journal entries related to the investment during 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) View transaction list Journal entry worksheet