On January 2, 2021. Sanborn Tobacco Inc. bought 10% of Jackson Industry's capital stock for $108 million Jackson Industry's net income for the year ended December 31, 2021, was $138 million. The fair value of the shares held by Sanborn was $134 million at December 31, 2021. During 2021, Jackson declared a dividend of $78 million Exercise 12-16 (Algo) Part 1 Required: 1. Prepare all appropriate journal entries related to the investment during 2021. (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).) Record the purchase of Jackson Industry capital stock for $108 million. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal Record Sanborn Tobacco's portion of Jackson Industry's net income of $138 million. Note: Enter debits before credits. General Journal Debit Credit Transaction 2 Record the dividend revenue. Note: Enter debits before credits. Debit General Journal Transaction Credit 3 View general Journal Clear entry Record entry Record the fair value adjustment. Note: Enter debits before credits. Debit General Journal Transaction Credit