please help me asap will like if correct...pay attention to all the requirements please

On March 31, 2024, Chow Brothers, Incorporated, bought 7% of KT Manufacturing's capital stock for $53.6 million. KT's net income for the year ended December 31,2024 , was $81.2 mililon. The fair value of the shares held by Chow was $37.4 million at December 31 . 2024. KT did not declare or pay a dividend during 2024. Required: 1. Prepare all appropriate journal entries related to the investment during 2024. 2. Assume that Chow sold the stock on January 20,2025 , for $31.2 million. Prepare the journal entries to record the sale. Complete this question by entering your answers in the tabs below. Prepare all appropriate joumal entries related to the investment during 2024. Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Journal entry worksheet On March 31, 2024, Chow Brothers, incorporated, bought 7% of KT Manufacturing's capital stock for $53.6 million. KT's net income for the year ended December 31,2024 , was $81.2 million. The fair value of the shares held by Chow was $37.4 million at December 31 , 2024. KT did not declare or pay a dividend during 2024. Required: 1. Prepare all appropriate journat entries related to the investment during 2024. 2. Assume that Chow sold the stock on January 20, 2025, for $31.2 million. Prepare the journal entries to record the sale. Complete this question by entering your answers in the tabs below. Assume that Chow sold the stock on January 20, 2025, for $31.2 million. Prepare the joumal entries to record the sale. 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 rounded to 1 decimal place (1.e., 5,500,000 should be entered as 5.5). Journal entry worksheet On March 31, 2024, Chow Brothers, Incorporated, bought 7% of KT Manufacturing's copital stock for $53.6million. KT's net income for the year ended December 31,2024 , was $81.2 million. The fair value of the shares held by Chow was $37,4 million at December 31 , 2024. KT did not declare or pay a dividend during 2024. Required: 1. Prepare all appropriate journal entries related to the investment during 2024. 2. Assume that Chow sold the stock on January 20, 2025, for $31.2 million. Prepare the joumal entries to record the sale Complete this question by entering your answers in the tabs below. Prepare all oppropriate journal entries related to the investment during 2024. Note: if no entry lis required for a transactionvevent, select "No joumal entry required" in the first account field. Enter your answers in miltions rounded to 1 decimal place (t.e, 5,500,000 should be entered as 5.5 ). Journal entry worksheet Mecord the purchase of KT Manufacturing s copital stock for $3.6 mimion. Notei Inter debits before oredits. On March 31, 2024, Chow Brothers, incorporated, bought 7% of KT Manufacturing's capital stock for $53.6 million. KT's net income for the year ended December 31, 2024, was $81.2 million. The fair value of the shares held by Chow was $37.4 million at December 31 , 2024. KT did not declare or pay a dividend during 2024. Required: 1. Prepare all appropriate journal entries related to the investment during 2024. 2. Assume that Chow sold the stock on January 20,2025 , for $31.2 million. Prepare the journal entries to secord the sale. Complete this question by entering your answers in the tabs below. Prepare all appropriate journal entries related to the investment during 2024. Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Enter your answers in millions rounded to 1 decimal place (lie, 5,500,000 should be entered as 5.5). Journal entry worksheet On March 31, 2024, Chow Brothers, Incorporated, bought 7% of KT Manufacturing's capital stock for $53.6 million. KT's net income for the year ended December 31,2024 , was $81.2 million. The fair value of the shares held by Chow was $37.4 million at December 31 , 2024. KT did not declare or pay a dividend during 2024 : Required: 1. Prepare all appropriate journal entries related to the investment during 2024. 2. Assume that Chow sold the stock on January 20,2025, for $31.2 million. Prepare the journal entries to record the sale. Complete this question by entering your answers in the tabs below. Assume that Chow sold the stock on January 20, 2025, for $31.2 million. Prepare the journal entries to record the sale. Note: If no entry is required for a transaction/event, select "No joumal entry required" in the first account field. Enter your answers in milions rounded to 1 decimal place (i.e, 5,500,000 should be entered as 5.5 ). Journal entry worksheet Record the sale of stock on January 20, 2025 for $31.2 million. Note: Enter dobits before credits