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On January 2, 2016, Sanborn Tobacco Inc. bought 10% of Jackson Industry's capital stock for $102 million as a temporary Investment Sanborn classified the securities acquired as avallable-for-sale. Jackson Industry's net Income for the year ended December 31, 2016, was $132 million. The fair value of the shares held by Sanborn was $122 mlion at December 31, 2016. During 2016, Jackson declared a dividend of $72 million Requirec 1. Prepare all approprlate journal entries related to the Investment during 2016. (If no entry Is required for a transactlon/event, select "No Journal entry requlred" In the first account field. Enter your answers In mllilons rounded to 1 declmal place (l.e., 5,500,000 should be entered as 5.5).) View transaction list Journal entry worksheet Record Sanborn Tobacco's portion of Jackson Industry's net income of $132 Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal