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On January 1, 2024, Cameron Incorporated bought 30% of the outstanding common stock of Lake Construction Company for $420 million cash, giving Cameron the ability

On January 1, 2024, Cameron Incorporated bought 30% of the outstanding common stock of Lake Construction Company for $420 million cash, giving Cameron the ability to exercise significant influence over Lakes operations. At the date of acquisition of the stock, Lake's net assets had a fair value of $800 million. Its book value was $700 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, 2024, was $250 million. During 2024, Lake declared and paid cash dividends of $30 million. The buildings have a remaining life of 5 years.

1 1 Investment in equity affiliateselected answer correct 420
Cashselected answer correct 420
2 2 Investment in equity affiliateselected answer correct 75
Investment revenueselected answer correct 75
3 3 Cash
Investment in equity affiliates
4 4 Investment revenue
Investment in equity affiliate

(answers in millions)

a. Investment in Camerons 2024 balance sheet
b. Net investment revenue in the income statement
c. Investing activities in the statement of cash flows

I just need 3 and 4 amounts in the balance sheet and the bottom 3 answers please

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