On January $4,2024,$ Runyan Bakery paid $$332$ million for $10$ million shares of Lavery Labeling Company common stock. The investment represents a $30\%$ interest in the net assets of Lavery and gave Runyan the ability to exercise significant influence over Lavery's operations. Runyan received dividends of $$4\mathrm{.}50$ per share on December $15,2024,$ and Lavery reported net income of $$190$ million for the year ended December $31,2024.$ The market value of Lavery's common stock at December $31,2024,$ was $$30$ per share. On the purchase date, the book value of Lavery's identifiable net assets was $$840$ million and:

The fair value of Lavery's depreciable assets, with an average remaining useful life of four years, exceeded their book value by $$80$ million.

The remainder of the excess of the cost of the investment over the book value of net assets purchased was attributable to goodwill.

Required:

Prepare all appropriate journal entries related to the investment during $2024,$ assuming Runyan accounts for this investment by the equity method.

Prepare the journal entries required by Runyan, assuming that the $10$ million shares represent a $10\%$ interest in the net assets of Lavery rather than a $30\%$ interest.assets of Lavery rather than a $30\%$ interest.

Note: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field. Enter your answers in millions $($i$.$e$.,10,000,000$ should be entered as $10).$

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$\backslash$table$[[$No$,$Transaction,General Journal,Debit,Credit$],[1,1,$Investment in equity securities$,332,],[,,$Cash,,$332],[,,,,],[2,2,$No journal entry required,,$],[,,,,],[3,3,$Cash,,$],[,,$Dividend revenue,$45,],[,,,,45],[4,4,$Loss on investment $($unrealized$,$ NI$),,],[,,$Fair value adjustment,$23\backslash$times $,]]$