On January 1, 2018, Cameron Inc. bought 20% of the outstanding common stock of Lake Construction Company for $340 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 $850 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 $270 million. During 2018, Lake declared and paid cash dividends of $30 million. The buildings have a remaining life of 5 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.

Millions	Investee Net Assets	Ownership Interest	Net Assets Purchased	Difference	Attributable to
Cost
Fair Value	900	20 %	180
Book Value	850	20%	170
		Years	Adjustment
Invest Rev	5 /	5years	1

investment in Cameron's 2018 balance sheet (in millions)	?????
investment revenue in the income statement	?????
investing activities in the statement of cash flows	????