On January $1,2024,$ Cameron Incorporated bought $10\%$ of the outstanding common stock of Lake Construction Company for $$190$ Complete the table below.

Note: Enter your answers in millions, $($i$.$e$.,10,000,000$ should be entered as $10).$

million cash, giving Cameron the ability to exercise significant influence over Lake's operations. At the date of acquisition of the stock,

Lake's net assets had a fair value of $$900$ million. Its book value was $$800$ million. The difference was attributable to the fair value of

Lake's buildings and its land exceeding book value, each accounting for one$-$half of the difference. Lake's net income for the year

ended December $31,2024,$ was $$290$ million. During $2024,$ Lake declared and paid cash dividends of $$30$ million. The buildings have

a remaining life of $5$ years.

Required:

Complete the table below and prepare all appropriate journal entries related to the investment during $2024,$ assuming Cameron

accounts for this investment by the equity method.

Determine the amounts to be reported by Cameron.

Record the investment in Lake Construction shares.

Record the investor's share of net income.

Record the cash dividends.

Record the adjustment for depreciation.

Determine the amounts to be reported by Cameron.

Note: Amounts to be deducted, including losses and cash outflows, should be indicated with a minus sign. Enter your answers

in millions, $($i$.$e$.,10,000,000$ should be entered as $10).$