Required information [The following information applies to the questions displayed below.] On January 2, 2024, Sanborn Tobacco Incorporated bought 10\% of Jackson Industry's capital stock for $91 million. Jackson Industry's net income for the year ended December 31, 2024, was $121 million. The fair value of the shares held by Sanborn was $100 million at December 31, 2024. During 2024, Jackson declared a dividend of $61 million. Assume that Sanborn sold the stock on January 2, 2025 for $112 million. Prepare the journal entries Sanborn would use to record ote: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Journal entry worksheet 2 Record the entry to adjust to fair value on the date of sale. Note: Enter debits before credits. Journal entry worksheet Record the sale of stock on January 2,2025 for $112 million. Note: Enter debits before credits