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On January 2, 2021, Sanborn Tobacco Inc. bought 5% of Jackson Industrys capital stock for $105 million. Jackson Industrys net income for the year ended December 31, 2021, was $135 million. The fair value of the shares held by Sanborn was $128 million at December 31, 2021. During 2021, Jackson declared a dividend of $70 million.

2. Assume that Sanborn sold the stock on January 2, 2022 for $140 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 (i.e., 5,500,000 should be entered as 5.5).)