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State A Login Announcements CenggeNOW2 Connect-Class: Ac... E EconPapers: Fashio. E To le or Not to Be Help Sex As a long-term investment at the

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State A Login Announcements CenggeNOW2 Connect-Class: Ac... E EconPapers: Fashio. E To le or Not to Be Help Sex As a long-term investment at the beginning of the 2021 fiscal year, Florists International purchased 20% of Nursery Supplies Inc.'s 20 million shares for $69 million. The fair value and book value of the shares were the same at that time. During the year, Nursery Supplies earned net income of $40 million and distributed cash dividends of $1.50 per share. At the end of the year, the fair value of the shares is $65 million Required: Prepare the appropriate journal entries from the purchase through the end of the year. (If no entry is required for a transaction/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).)

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