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Help Suve & Exit Submit As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 30% of Nursery Supplies inc's

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Help Suve & Exit Submit As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 30% of Nursery Supplies inc's 8 million shares for $56 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 $40 million and distributed cash dividends of $125 per share. At the end of the year, the fair value of the shares is $52 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 milions, (.e. 10,000,000 should be entered as 103.) Journal entry worksheet Record the investor's share of niet income Note tar debits before credits Tratations General Journal 2 Investment in equity at Westment revenue Cro Debit 17 17 Record entry Clear entry View Journal

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