On January 1, 2018, Beilich Enterprises bought 20% of the outstanding common stock of Wolfe Construction Company for $500.0 million cash. Wolfe's net income for the year ended December 31, 2018, was $250.0 million. During 2018, Wolfe declared and paid cash dividends of $50.0 million. Beilich recorded the investment as follows: ($ in millions) Purchase Investment in Wolfe Construction shares Cash 500.0 500.0 Net income Investment in Wolfe Construction shares (20%