Miller Corporation acquired $30\%$ of the outstanding common stock of Crowell Corporation for $$160,000$ on January $1,$ Year $6,$ and obtained significant influence The purchase price of the shares was equal to their book value. During Year $6,$ the following information is available for Crowell:

Mar. $31$ Declared and paid a cash dividend of $$50,000.$

June $30$ Reported semiannual earnings of $$120,000$ for the first half of Year $6.$

Sept. $30$ Declared and paid a cash dividend of $$50,000.$

Dec. $31$ Reported semiannual earnings of $$140,000$ for the second half of Year $6.$

Required:

Prepare joumal entries for Miller to reflect the preceding information.

What is the balance in Miller's investment account on December $31,$ Year $6?$