I need my work checked & a little help answering req 1B && 2B, im sure i did 1B wrong

On January 4, 2018, Runyan Bakery paid $358 million 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 ability to exercise significant influence over Lavery's operations. Runyan chose the fair value option to account for this investment. Runyan received dividends of $3.50 per share on December 15, 2018, and Lavery reported net income of $320 million for the year ended December 31, 2018. The market value of Lavery's common stock at December 31, 2018, was $34 per share. On the purchase date, the book value of Lavery's net assets was $970 million and a. The fair value of Lavery's depreciable assets, with an average remaining useful life of 7 years, exceeded their book value by $70 million b. The remainder of the excess of the cost of the investment over the book value of net assets purchased was attributable to goodwil Required: 1-a. Prepare all appropriate journal entries related to the investment during 2018, assuming Runyan accounts for this investment unde the fair value option, and accounts for the Lavery investment in a manner similar to what it would use for securities for which there is not significant influence. 1-b. Calculate the effect of these journal entries on 2018 net income, and the amount at which the investment is carried in the December 31, 2018, balance sheet. 2-a. Prepare all appropriate journal entries related to the investment during 2018, assuming Runyan accounts for this investment unde the fair value option, but uses equity method accounting to account for Lavery's income and dividends, and then records a fair value adjustment at the end of the year that allows it to comply with GAAP 2-b Calculate the effect of these journal entries on 2018 net income, and the amount at which the investment is carried in the December 31, 2018, balance sheet. Complete this question by entering your answers in the tabs below. Reg 1A Req 1B Req 2A Req 2B Req 1A Reg 1B Req 2A Req 2B Prepare all appropriate journal entries related to the investment during 2018, assuming Runyan accounts for this investmer fair value option, and accounts for the Lavery investment in a manner similar to what it would use for securities for which til significant influence. (If no entry is required for a transaction/event, select "No journal entry required" in the first account fi your answers in millions (i.e., 10,000,000 should be entered as 10).) View transaction list View journal entry worksheet No Event Credit Debit 358 1 1 General Journal Investment in Lavery Labeling shares Cash 1 358 96 Investment in Lavery Labeling shares Investment revenue WN 2 3 Cash Investment in Lavery Labeling shares Investment revenue Investment in Lavery Labeling shares 2 5 5 No journal entry required 1-b. Calculate the effect of these journal entries on 2018 net income, and the amount at which the investment is carried December 31, 2018, balance sheet. 2-a. Prepare all appropriate journal entries related to the investment during 2018, assuming Runyan accounts for this in the fair value option, but uses equity method accounting to account for Lavery's income and dividends, and then record adjustment at the end of the year that allows it to comply with GAAP 2-b. Calculate the effect of these journal entries on 2018 net income, and the amount at which the investment is carried December 31, 2018, balance sheet. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Calculate the effect of these journal entries on 2018 net income, and the amount at which the investment is carried in the December 31, 2018, balance sheet. (Enter your answers in millions (.e., 10,000,000 should be entered as 10).) Effect on net income Investment $ $ 21 million 358 million Reg 1A Reg 1B Req 2A Req 2B Prepare all appropriate journal entries related to the investment during 2018, assuming Runyan accounts for this investment under the fair value option, but uses equity method accounting to account for Lavery's income and dividends, and then records a fair value adjustment at the end of the year that allows it to comply with GAAP. (If no entry is required for a transaction/event, select "No journa entry required" in the first account field. Enter your answers in millions (l.e., 10,000,000 should be entered as 10.) Show less View transaction list View journal entry worksheet Event General Journal Debit Credit No 1 358 Cash Investment in Lavery Labeling shares No journal entry required 3 3 Cash Investment in Lavery Labeling shares Unrealized holding gain-OCI Fair value adjustment DD D 1-b. Calculate the effect of these journal entries on 2018 net income, and the amount at which the investment is ca December 31, 2018, balance sheet. 2-a. Prepare all appropriate journal entries related to the investment during 2018, assuming Runyan accounts for the fair value option, but uses equity method accounting to account for Lavery's income and dividends, and then adjustment at the end of the year that allows it to comply with GAAP. 2-b. Calculate the effect of these journal entries on 2018 net income, and the amount at which the investment is c December 31, 2018, balance sheet. Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Calculate the effect of these journal entries on 2018 net income, and the amount at which the investment is carried in December 31, 2018, balance sheet. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10.) Net income Investment million million