Blossom Corp sells idle machinery to Hollis Company on July 1, 2025, for $52,400. Blossom agrees to repurchase this equipment from Hollis on hune 30,2026 , for a price of $55,544 tan imputed interest rate of 6% ). (a) Prepare the joumal entry for Blossom for the transfer of the asset to Hollis on July 1, 2025. (List debit entry before credit entry. Credit account titles are automatically indented when the amount is entered. Do not indent manually if no entry ls required, select "No Entry" For the account tities and enter Ofor the amounts]