On January 2, 2011, Best Beverages acquired 21 percent of the stock of Better Bottlers for $24 million in cash. Best Beverages accounts for its investment using the equity method. At the time of acquisition, Better Bottlers' balance sheet was as follows (in millions): Better Bottlers Balance Sheet, January 2, 2011 (in millions) Assets Current assets $16 Property and equipment, net 332 Patents and trademarks 120 Total assets 468 Liabilities and equity Current liabilities 33.6 Long-term debt 414.4 Total liabilities 448 Capital stock 9.6 Retained earnings 10.4 Total equity 20 Total liabilities and equity $468 At the date of acquisition, valuation of Better Bottlers' assets and liabilities revealed that its reported patents and trademarks (8-year life) had a fair value of $128 million and it had unrecognized brand names (9-year life) worth $7.2 million. Several years later, Better Bottlers' December 31, 2014 retained earnings balance is $20 million. For 2014, it reported net income of $2 million and paid $520,000 in dividends. For all answers below, enter the complete figures using all zeros. For example, $1 million should be entered as 1,000,000. (a) Prepare the 2014 entries to report the above information on Best Beverages' books.