On January 4, 2018, Runyan Bakery paid $342 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 $3.50 per share on December 15, 2018, and Lavery reported net income of $240 million for the year ended December 31, 2018. The market value of Lavery's common stock at December 31, 2018, was $31 per share. On the purchase date, the book value of Lavery's net assets weas $890 million and: a. The foir value of Lavery's depreciable assets, with an average remaining useful lifie of five years, exceeded their book velue by $100 b. The remainder of the excess of the cost of the investment over the book value of net assets purchased was attibutable to goodwill. million. Required: 1. Prepare all appropriate journal entries related to the investment during 2018, assuming Runyan accounts for this investment by the equity method Prepare the ouma 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 Complete this question by entering your answers in the tabs below Required 1 Required 2 appropriate journal entries related to the investment during 2018, assuming Runyan accounts for this investment by the equity method. (If field. Enter your answers in no entry is required for a transaction/event, select "No journa! entry required in the first account millions, (i.e., 10,000,000 should be entered as 10 View transaction list Journal entry worksheet