Jones Inc. purchased 25% of Prince Inc. on January 2, 2018 for $10 million and did not elect the fair value option. During 2018, Prince had net income of $3,000,000 and paid total dividends of $2,000,000. The fair value of the Prince Inc. shares owned by Jones Inc. was $11,000,000 at 12/31/18. Based on the information above, prepare the journal entries for 2018.