Turner Company owns 35% of the outstanding stock of ICA Company. During the current year, ICA paid a $5 million cash dividend on its common shares.

What effect did this dividend have on Turners 2016 financial statements? (Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Enter 0 for no effect.)

Balnace Sheet

1. Investment in equity securities = ? Millions

2. Cash and Investment in equity securities = ? Millions

Income Statement

1. Investment Revenue= ? Millions