On January $1,2024,$ Clor$-$Proell Enterprises bought $20\%$ of the outstanding common stock of Chen Construction Company for $$600$ million cash. Chen's net income for the year ended December $31,2024,$ was $$300$ million. During $2024,$ Chen declared and paid cash dividends of $$60$ million. Clor$-$Proell recorded the investment as follows:

$\backslash$table$[[$General Journal,$\backslash$table$[[($$ in$],[$Debit$]],\backslash$table$[[$millions$)],[$Credit$]]],[$PURCHASE$,600,],[\backslash$table$[[$Investment in chen Construction shares$],[$Cash$]],,600],[\backslash$table$[[$NET INCOME$],[$Investment in chen Construction shares million