On January 1, 2021, Cameron Inc. bought 20% of the outstanding common stock of Lake Construction Company for $340 million cash, giving Cameron the ability to exercise significant influence over Lake's operations. At the date of acquisition of the stock, Lake's net assets had a fair value of $900 million. Its 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. Lake's net income for the year ended December 31, 2021, was $270 million. During 2021, 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 joumal entries related to the Investment during 2021, assuming Cameron accounts for this investment by the equity method. 2. Determine the amounts to be reported by Cameron. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Calculation Required 1 G1 Required 2 Prepare all appropriate journal entries related to the investment during 2021, assuming Cameron accounts for this investment by the equity method. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions, (ie, 10,000,000 should be entered as 10)) No Transaction General Journal 1 1 Investment in equity affiliate Cash 2 2 Investment in equity affiliate 3 . Investment revenue Cash Investment in equity affiliate 4 4 Investment revenue Investment in equity affiliate Required 1 Calculation 09 Debit Credit 340 340 00 O 270 270 00 00 Required 2 > 30 O 30