Exercise 12-20 (Algo) Equity method; purchase; investee income; dividends [LO12-6] As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 25% of Nursery Supplies Inc's 16 million shares for $68 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 $52 million and distributed cash dividends of $0.75 per share. At the end of the year, the fair value of the shares is $64 million Required: Prepare the appropriate journal entries from the purchase through the end of the year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions, (i.e.. 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet 1 Record the investment in Nursery Supplies shares. Note: Enter debits before credits. Transactions General Journal Debit Credit Record entry Clear entry View general journal