On January 2, 2021, Sanborn Tobacco Inc. bought 5% of Jackson Industrys capital stock for $98 million. Jackson Industrys net income for the year ended December 31, 2021, was $128 million. The fair value of the shares held by Sanborn was $114 million at December 31, 2021. During 2021, Jackson declared a dividend of $68 million.

1. Record the purchase of Jackson Industry capital stock for $98 million.

2. Record Sanborn Tobacco's portion of Jackson Industry's net income of $128 million

3. Record the dividend revenue.

4. Record the fair value adjustment.