Journal entry worksheet 3 4 Record Runyan Bakery's share of Lavery's $160 million net income. Note: Enter debits before credits Event General Journal Debit Credit Journal entry worksheet 4 Record the receipt of cash dividends of $2.00 per share on 10 million shares. Note: Enter debits before credits Event General Journal Debit Credit Cash 20 Dividend revenue 20 Record entry Clear entry View general jourmal Journal entry worksheet 3 4 Record any necessary entry related to depreciation. The fair value of Lavery's depreciable assets, with an average remaining useful life of six years exceeded their book value by $80 million Note: Enter debits before credits Event General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 3 4 Record any necessary adjusting entry to correctly report the investment on the balance sheet. The market value of Lavery's common stock at December 31, 2018 was $31 per share. Note: Enter debits before credits Event General Journal Debit Credit Unrealized holding gain-N Fair value adjustment 14 14