Required information (The following information applies to the questions displayed below] On January 2, 2021, Sanborn Tobacco Inc. bought 10% of Jackson Industry's capital stock for $93 million Jackson Industry's net income for the year ended December 31, 2021, was $123 million. The fair value of the shares held by Sanborn was $104 million at December 31, 2021, During 2021, Jackson declared a dividend of $63 million 2. Assume that Sanborn sold the stock on January 2, 2022 for $116 million. Prepare the journal entries Sanborn would use to record the sale. (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 (ie., 5,500,000 should be entered es 5.5).) No 1 Transaction 1 2 2 Answer is not complete. General Journal Fair value adjustment Gain on investment (unrealized, NI) Cash Fair value adjustment Investment in equity securities Gain on investment (unrealized, NI) 00 0000 Debit Credit 12.0 12.0 116.0 12.0 93.0 35.0