On March 31, 2018, Chow Brothers, Inc., bought 5% of KT Manufacturing's capital stock for $551 million. KT's net income for the year ended December 31, 2018, was $817 million. The fair value of the shares held by Chow was $38.4 million at December 31, 2018. KT did not declare or pay a dividend during 2018 Required: 1. Prepare all appropriate journal entries related to the investment during 2018 2. Assume that Chow sold the stock on January 20, 2019 for $317 million. Prepare the journal entries to record the sale. Complete this question by entering your answers in the tabs below Required 1 Required 2 Prepare all appropriate journal entries related to the investment during 2018. (If no entry is required for a transaction/event, select "No journal entry required in 5,500,000 should be entered as 5.5)) the first account field. Enter your answers in miltions rounded to 1 decimal place (I.e View transaction list Journal entry worksheet Record the purchase of KT Manufacturing's capital stock for $55.1 million