On January 1, 2016, Cameron Inc. bought 20% of the outstanding common stock of Lake Construction Company for $320 million cash. At the date of acquisition of the stock, Lake's net assets had a fair value of $1,000 million. Their book value was $900 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, 2016, was $160 million. During 2016, Lake declared and paid cash dividends of $20 million. The buildings have a remaining life of 10 years. Required 1. Complete the table below and prepare all appropriate journal entries related to the investment during 2016, assuming Cameron accounts for this investment by the equity method. (lf no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions, (i.e., 10,000,000 should be entered as 10) Investee Ownership Net Assets in millions) Difference Attributable to: Net Assets Interest Purchased Cost 320 x 20 200 120 Goodwill Fair Value Cameron's assets 1,000 900 x Book Value Cameron's assets 20 180 20 Undervaluation of assets Years Adjustment Depreciation adjustment: 10