Equity Method Investment Several Years after Acquisition On January 2, 2011, Best Beverages acquired 27 percent of the stock of Better Bottlers for $18 million in cash. Best Beverages accounts for its investment using the equity method. At the time of acquisition, Better Bottlers' balance sheet was as follows (in millions): Better Bottlers Balance Sheet, January 2, 2011 in millions) Assets Current assets Property and equipment, net 249 Patents and trademarks Total assets Liabilities and equity Current liabilities Long-term debt Total liabilities Capital stock Retained earnings Total equity Total liabilities and equity $351 $12 90 351 25.2 310.8 336 7.2 7.8 15 Valuation of Better Bottlers' assets and liabilities revealed that its reported patents and trademarks (12-year life) had a fair value of $96 million and it had unrecognized brand names (18-year life) worth $5.4 million. Better Bottlers' December 31, 2014, retained earnings balance is $15 million. For 2014, it reported net income of $1.5 million and paid $390,000 in dividends. For all answers below, enter the complete figures using all zeros. For example, $1 million should be entered as 1,000,000. Required (a) Prepare the 2014 entries to report the above information on Best Beverages' books