On January 4,20x1, Runyan Bakery paid $324 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 $2.00 per share on December 15,201, and Lavery reported net income of $160 million for the year ended Dember 31,20x1. The market value of Lavery's common stock at December 31,201, was $31 per share. On the purchase date, the book value of Lavery's net assets (or equity) was $800 million and: a. The fair market value of Lavery's depreciable assets, with an average remaining useful life of six years, exceeded their book value by $80 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. Runyan sold the investment for $33 per share on January 1,202. Required: 1. Prepare all appropriate journal entries related to the investment. What would be the effect