On January 1, 2018, Cameron Inc. bought 20% of the outstanding common stock of Lake Construction Company for $240 million cash. At the date of acquisition of the stock, Lake's net assets had a fair value of $600 million. Their book value was $500 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, 2018, was $120 million. During 2018, Lake declared and paid cash dividends of $30 million. The buildings have a remaining life of 10 years. Required: .Complete the table below and prepare all appropriate journal entries related to the investment during 2018, assuming Cameron accounts for this investment by the equity method. 2. Determine the amounts to be reported by Cameron Complete this question by entering your answers in the tabs below. Required 1 CalculationR Required 1G Required 2 Complete the table below. (Enter your answers in millions, (i.e., 10,000,000 should be entered as 10)) Investee Net Assets Ownership Interest Net Assets Difference ($ in millions) Attributable to: Cost 240 2. Determine the amounts to be reported by Cameron Complete this question by entering your answers in the tabs below Required 1 CalculationRequired 1 GJ Required 2 Complete the table below. (Enter your answers in millions, (i.e., 10.000.000 should be entered as 10)) Investee Net Assets Ownership Interest Net Assets Difference Purchased ($ in millions) Attributable to: Cost Fair Value Cameron's assets Book Value Cameron's assets 240 0 Years Adjustment Investment revenue Journal entry worksheet 2 3 4 Record the investment in Lake Construction shares. Note: Enter debits before credits. Event General Journal Debit Credit Journal entry worksheet 2 3 4 Record the investment revenue Note: Enter debits before credits Event General Journal Debit Credit Journal entry worksheet 2 4 Record the cash dividends Note: Enter debits before credits Event General Journal Debit Credit Journal entry worksheet 2 3 4 Record the adjustment for depreciation Note: Enter debits before credits Event General Journal Debit Credit 4 Required 1Required 1 GJ Required 2 Calculation 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 Cameron's 2018 balance sheet b. Investment revenue in the income statement c. Investing activities in the statement of cash flows