What is the journal entry for this transaction, refer to the paragraph below?

Facts: Paper Paper, Inc. transferred equipment to Achoo, Inc. in exchange for the receipt of $1 .5 million cash and a 20% equityr ownership stake in Achoo. Paper's book basis in the transferred equipment was $? million, and the equipment was recenttyr appraised for $7.5 million. The fair value of the investment in W is $6 million, and this fair value was reliably determined. The investment gives Paper signicant inuence over W but is not a controlling financial interest in Achoo. Achoo is in the business of making and selling tissues (such as Kleenex} and will use the equipment for tissue production. Prior to transferring the equipment, Paper used the equipment to produce paper plates and napkins. However, significant overseas competition has caused prot margins and demand for the domestic production of paper plates and napkins to fall. Production using the equipment had reoenttv been cut down to only 1 x B-hr shift per day. Tissues are expected to be a more profitable output, with steady consumer demand. Achoo expects to run the equipment for 3 x B-hr shifts per day. Paper hopes the investment in m will revive its slowing growth prospects