Miller Corporation acquired 30% of the outstanding common stock of Crowell Corporation for $160,000 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 $50,000.

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

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

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. Refer to the Chart of Accounts provided for the exact wording of the answer choices for text entries.

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