On January 2, 2018, Sanborn Tobacco Inc. bought 5% of Jackson Industrys capital stock for $105 million. Jackson Industrys net income for the year ended December 31, 2018, was $135 million. The fair value of the shares held by Sanborn was $128 million at December 31, 2018. During 2018, Jackson declared a dividend of $70 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 $140 million. Prepare the journal entries Sanborn would use to record the sale.