Turner Company purchased 40% of the outstanding stock of ICA Company for $10,000,000 on January 2, 2018, Turner elects the fair 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 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 Record the investment. Note: Enter debits before credits. Date General Journal Debit Credit January 02, 2018 Record entry Clear entry View general journal