On January $4,2024,$ Runyan Bakery paid $$326$ million for $10$ million shares of Lavery Labeling Company common stock. The investment represents a $30\%$ interest in the net assets of Lavery and gave Runyan the ability to exercise significant influence over Lavery's operations. Runyan received dividends of $$3\mathrm{.}50$ per share on December $15,2024,$ and Lavery reported net income of $$160$ million for the year ended December $31,2024.$ The market value of Lavery's common stock at December $31,2024,$ was $$30$ per share. On the purchase date, the book value of Lavery's identifiable net assets was $$810$ million and:

a$.$ The fair value of Lavery's depreciable assets, with an average remaining useful life of four years, exceeded their book value by $$40$ million.

b$.$ 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.