Required information The following information applies to the questions displayed below] On January 2,2024, Sanborn Tobacco Incorporated bought 5% of Jackson Industry's capital stock for $90 million. Jackson Industry's net income for the year ended December 31, 2024, was $120 miltion. The fair value of the shares heid. by Sanborn was $98 million at December 31,2024 . During 2024 , fackson declared a dividend of $60 miltion. Required: 1. Prepare all appropriate journal entries related to the investment during 2024 Note: If no entry is required for a transoction/event, select "No journal entry required" in the first account field, Enter your answers in millions (i.e., 10,000,000 should be entered as 10). Required: 1. 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 onswers in millions (i.e., 10,000,000 should be entered os 10). Record the purchase of Jackson Industry capital stock for $90 million. Record Sanborn Tobacco's portion of Jackson Industry's net income of $120 million. Record the dividend revenue. Record the fair value adjustment