Miller Corporation acquired $30\%$ of the outstanding common stock of Crowell Corporation for $$180,000$ on January $1,2018,$ and obtained significant influence. The purchase price of the shares was equal to their book value. During $2018,$ the following information is available for Crowell:

Mar. $31$ Declared and paid a cash dividend of $$40,000.$

June $30$ Reported semiannual earnings of $$120,000$ for the first half of $2018.$

Sept. $30$ Declared and paid a cash dividend of $$40,000.$

Dec. $31$ Reported semiannual earnings of $$140,000$ for the second half of $2018.$

Required:

$1.$ Prepare journal entries for Miller to reflect the preceding information.

$2.$ What is the balance in Miller$$s investment account on December $31,2018?$