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On January 1, 2021, Kevin Inc. bought 10% of the outstanding common stock of Sachs Construction Company for $190 million cash, giving Kevin the ability to exercise significant influence over Sachs' operations. At the date of acquisition of the stock, Sachs' net assets had a fair value of $900 million. Its book value was $800 million. The difference was attributable to the fair value of Sachs' buildings and its land exceeding book value, each accounting for one-half of the difference. Sachs' net income for the year ended December 31, 2021, was $290 million. During 2021, Sachs declared and paid cash dividends of $30 million. The buildings have a remaining life of 5 years. Required: 1. Complete the table below and prepare all appropriate journal entries related to the investment during 2021, assuming Kevin accounts for this investment by the equity method. 2. Determine the amounts to be reported by Kevin. Complete this question by entering your answers in the tabs below. Required 1 Calculation Required 1 GJ Required 2 Complete the table below. (Enter your answers in millions, (l.e., 10,000,000 should be entered as 10)). Investee Net Assets Ownership Interest Difference Attributab (5 in millions) Net Assets Purchased 190 Cost Saved Help Save & Exit 2. Determine the amounts to be reported by Kevin. Complete this question by entering your answers in the tabs below. Required 1 Calculation Required 1 G Required 2 Complete the table below. (Enter your answers in millions, (i.e., 10,000,000 should be entered as 10)). ($ in millions) Investee Net Assets Ownership Interest Net Assets Purchased Difference $ 190 Cost Fair Value Sachs' assets Book Value Sachs' assets % = % = Years Adjustment Depreciation adjustment: Investment revenue Required 1 Calculation Required 1 GJ Calculation Requireu I UJ Requireu 2 Prepare all appropriate journal entries related to the investment during 2021, assuming Kevin a method. (If no entry is required for a transaction/event, select "No journal entry required in th in millions, (i.e., 10,000,000 should be entered as 10).) View transaction list Journal entry worksheet