Required:

Prepare all appropriate journal entries related to the investment during $2024.$

Note: 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 $5\mathrm{.}5).$

Journal entry worksheet

Record the purchase of Jackson Industry capital stock for $$91$ million.

Note: Enter debits before credits.

Journal entry worksheet

$1$

$2$

$3$

$4$

Record Sanborn Tobacco's portion of Jackson Industry's net income of $$121$

million.

Note: Enter debits before credits.

$2$

$3$

$4$

Record the dividend revenue.

Note: Enter debits before credits.