On January 1, 2018, 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 $900 million. Their 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. Lakes net income for the year ended December 31, 2018, was $160 million. During 2018, 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 2018, assuming Cameron accounts for this investment by the equity method. 2. Determine the amounts to be reported by Cameron.

Complete the table below. (Enter your answers in millions, (i.e., 10,000,000 should be entered as 10)).

($ in millions)	Investee Net Assets		Ownership Interest			Net Assets Purchased	Difference	Attributable to:
Cost						$320
Fair Value Cameron's assets		x		%	=		$0
Book Value Cameron's assets		x		%	=		$0
			Years			Adjustment
Investment revenue		/			=

1. Record the investment in Lake Construction shares.

2. Record the investment revenue.

3. Record the cash dividends.

4. Record the adjustment for depreciation.

Determine the amounts to be reported by Cameron. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions, (i.e., 10,000,000 should be entered as 10).)

($ in millions)
a. Investment in Camerons 2018 balance sheet
b. Investment revenue in the income statement
c. Investing activities in the statement of cash flows