Fizer Pharmaceutical paid $81 million on January 2, 2021, for 3 million shares of Carne Cosmetics common stock. The investment represents a 20% interest in the net assets of Carne and gave Fizer the ability to exercise significant influence over Carnes operations. Fizer received dividends of $2 per share on December 21, 2021, and Carne reported net income of $40 million for the year ended December 31, 2021. The fair value of Carnes common stock at December 31, 2021, was $31.50 per share.

• The book value of Carne's net assets was $205 million.
• The fair value of Carne's depreciable assets exceeded their book value by $45 million. These assets had an average remaining useful life of nine years.
• The remainder of the excess of the cost of the investment over the book value of net assets purchased was attributable to goodwill.

Required: Complete the table below and prepare the appropriate journal entries related to the investment during 2021.

Complete the table below. (Enter your answers in millions, (i.e., 10,000,000 should be entered as 10)).

($ in millions)	Investee Net Assets		Ownership Interest			Net Assets Purchased	Difference	Attributable to:
Purchase Price						$81
Fair Value Carne's assets		x		%	=		$0
Book Value Carne's assets		x		%	=		$0
Depreciation adjustment:			Years			Adjustment
Investment revenue	$0	/			=

• prepare the appropriate journal entries related to the investment during 2021.