Turner Company purchased 30% of the outstanding stock of ICA Company for $10,200,000 on January 2, 2018. Turner elects the fair value option to account for the investment. During 2018, ICA earns $770,000 of income and on December 30 pays a dividend of $520,000. On December 31, 2018, the fair value of Turner's investment has increased to $11.900,000 Prepare the journal entries in the books of Turner to account for this investment during 2018. Assume that Turner will account for the investment for a trading security. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet