On January 2, 2021, Sanborn Tobacco Inc. bought 10% of Jackson Industrys capital stock for $97 million. Jackson Industrys net income for the year ended December 31, 2021, was $127 million. The fair value of the shares held by Sanborn was $112 million at December 31, 2021. During 2021, Jackson declared a dividend of $67 million. 2. Assume that Sanborn sold the stock on January 2, 2022 for $124 million. Prepare the journal entries Sanborn would use to record the sale.