Turner Company purchased 45% of the outstanding stock of ICA Company for $10,700,000 on January 2, 2021. Turner elects the fair value option to account for the investment. During 2021, ICA reports $820,000 of net income and on December 30 pays a dividend of $570,000. On December 31, 2021, the fair value of Turners investment has increased to $12,900,000. Prepare the journal entries in the books of Turner to account for this investment during 2021. Assume that Turner will account for the investment using the fair value through net income approach. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)