Its saying to record entry for KTs net income

On March 31, 2018, Chow Brothers, Inc., bought 7% of KT Manufacturing's capital stock for $52.7 million. KT's net income for the yea ended December 31, 2018, was $80.9 million. The fair value of the shares held by Chow was $36.8 million at December 31, 2018. KT did not declare or pay a dividend during 2018 Required 1. Prepare all appropriate journal entries related to the investment during 2018 2. Assume that Chow sold the stock on January 20, 2019 for $30.9 million. Prepare the journal entries to record the sale. Complete this question by entering your answers in the tabs below Required 1 Required 2 Prepare all appropriate journal entries related to the investment during 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (L.e., 5,500,000 should be entered as 5.5)). View transaction list Journal entry worksheet Record the entry for KT's net income Note: Enter debits before credits. vent General Journal