On February $1,2021,$ A Co$.,$ B Inc., and Y Ltd$.$ sign an agreement to collectively

purchase an oil pipeline and to hire a company to manage and operate the

pipeline on their behalf. The costs involved in running the pipeline and the

revenue earned from the pipeline are shared by the three parties based on their

ownership percentage. All major operating and financing decisions related to the

pipeline must be agreed to by the three companies. The cost of purchasing the

pipeline was $$10,000,000.$ The pipeline has an estimated $20-$year useful life with

no residual value. The management fee for operating the pipeline for $2021$ was

$$2,000,000.$ Revenue earned from the pipeline in $2021$ was $$3,300,000.$ A Inc.

invested $$3,000,000$ for a $30\%$ interest.

Required: Journal entry for A Co$.$s transaction in $2021.$