Turner Company purchased 40% of the outstanding stock of ICA Company for $10,000,000 on January 2 2018 Turner elects the fait value option to account for the investment. During 2018, ICA earns $750.000 of income and on December 30 pays a dividend of $500,000. On December 31, 2018, the fair value of Turner's investment has increased to $11.500.000 Prepare the journal entries in the books of Turner to account for this investment during 2013. 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 2 3 > Record the investment Noter debts before credits General Journal Debit Credit Date January 02, 2018 Record entry Clear entry View general journal