Wendy Day Kite Company owns 40% of the outstanding stock of Strong String Company. During the current year, Strong String reported net income of $20 million What effect does Strong String's reported net income have on Wendy Day's financial statements? (Enter your answer in millions. (l... $10,000,000 should be entered os 10). Select "No effect" If none of the categories apply for a particular item.) Net can million Wendy Day Kite Company owns 40% of the outstanding stock of Strong String Company During the current year, Strong String paid a $10 million cash dividend on its common shares. What effect does Strong String's dividend have on Wendy Day's financial statements (Select "No effect" if none of the categories apply for a particular item. Enter your answer in millions. (ie, $10,000,000 should be entered as 10).) Net Income Total assets million milion