Analyzing Equity Method Investment Footnotes Merck & Co., Inc. reports a December 31, 2016 balance of $715 million in "Investments in affiliates accounted for using the equity method" ("Investments in affiliates"). Provide the entries for the following events for fiscal year 2017: a. Merck's share of income from its affiliates was $42 million. b. Merck received dividends and distributions from its affiliates of $2 million during fiscal year 2017. Note: Enter answers in millions. Credit Ref. a. ov Description Investment in affiliates Income from affiliates Cash Investment in affiliates Debit 42 ~ ov 2 ~ 42 ~ or b. ov 2 ~ C. After these events, what should be the balance in Merck's investments in affiliates account at December 31, 2017? $ 715 x million