Northwest Paperboard Company, a paper and allied products manufacture, was seeking to gain a foothold in Canada. Toward that end, the company bought 40% of the outstanding common shares of Vancouver Timber and Milling, Inc., on January 2, 2016, for $570 million. At the date of purchase, the book value of Vancouver's net assets was $860 million. The book values and fair values for all balance sheet items were the same except for inventory and plant facilities. The fair value exceeded book value by $10 million for the inventory and by $15 million for the plant facilities. inventory acquired was sold during 2016 December 31, 2016. Vancouver paid a cash dividend of $30 million. Required The estimated useful ife of the plant facilities is 12 years. All Vancouver reported net income of $190 million for the year ended 1. Prepare all appropriate journal entries related to the investment during 2016. (lf no entry is required for a transaction/event, select No journal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place, (i.e., 5,500,000 should be entered as 5.5).)