On January 2, 2018, Sanborn Tobacco Inc. bought 10% of Jackson Industry's capital stock for $104 million. Jackson Industry's net income for the year ended December 31, 2018, was $134 million. The fair value of the shares held by Sanborn was $126 million at December 31, 2018. During 2018, Jackson declared a dividend of $74 million. Required: 1. Prepare all appropriate journal entries related to the investment during 2018. 2. Assume that Sanborn sold the stock on January 2, 2019 for $138 million. Prepare the journal entries Sanborn would use to record the sale. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that Sanborn sold the stock on January 2, 2019 for $138 million. Prepare the journal entries Sanborn would use to record the sale. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) View transaction list Journal entry worksheet 2 Record the entry to adjust to fair value on the date of sale Note: Enter debits before credits. Event General Journal Debit Credit Fair value adjustment Unrealized holding gain-NI 2