Help So On March 31, 2021, Chow Brothers, Inc., bought 7% of KT Manufacturing's capital stock for $52.7 million. KT's net income for the year ended December 31, 2021, was $80.9 million. The fair value of the shares held by Chow was $36.8 million at December 31, 2021 KT did not declare or pay a dividend during 2021. Required: 1. Prepare all appropriate journal entries related to the investment during 2021 2. Assume that Chow sold the stock on January 20, 2022 for $30.9 million. Prepare the journal entries to record the sale