I need all those journal entries require 1 and 2

On January 4. 2024, Runyan Bakery paid $324 miltion for 10 million shares of Lavery Labeling Company common stock. The investment represents a 30% interest in the net assets of Lavery and gave Runyan the ablity to exercise significant influence over Lavery's operations. Runyan received dividends of $2.00 per share on December 15,2024 , and Lavery reported net income of $160 million for the year ended December 31, 2024. The market value of Lavery's common stock at December 31, 2024, was $31 per 5 hare. On the purchase date, the book value of Lavery's identiflable net assets was $800 million and: a. The fair value of Lavery's depreciable assets, with an average remaining useful life of six years, exceeded their book value by $80 million. b. The remainder of the excess of the cost of the investment over the book value of net assets purchased was attributable to goodwill. Required: 1. Prepare all appropriate journal entries related to the investment during 2024, assuming Runyan accounts for this investment by the equity method. 2. Prepare the journat entries required by Runyan, assuming that the 10 million shares represent a 10% interest in the net assets of Lavery rather than a 30% interest. Complete this question by entering your answers in the tabs below. Prepore all appropriate fournal entries related to the imvestment during 2024, ossuming Runyan accounts for this investment by the equity method. Note: if no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your ansmers in milions (i.e., 10,000,000 should be entered as 10) Prepare all appropriate journal entries related to the investment during 2024, assuming Runyan accounts for this investment by the equity method. Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first account fleld. Enter vour answers in militions (i.e, 10,000,000 should be entered as 10 ). Journal entry worksheet 345 Record the purchase of Lavery Labeling stock for $324 milaion. Note: Inter debits befoce credits; Prepare the joumal entries required by Runyan, assuming that the 10 million shares represent a 10% interest in the net assets of Lavery rather than a 30% interest. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (1.e, 10,000,000 should be entered as 10 ) Journal entry worksheet Record the purchase of Lavery Labeling stock for $324 milition. Note: Enter debits before credits