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Blossom Corporation purchased 360 ordinary shares of Sherman Inc. as a trading investinent for f12,500. During the year. Sherman paid a cash dividend of 3.25

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Blossom Corporation purchased 360 ordinary shares of Sherman Inc. as a trading investinent for f12,500. During the year. Sherman paid a cash dividend of 3.25 per share. At year-end, Sherman shares were selling for 36.00 per share. Prepare Blossom's journal entries to record (a) the purchase of the investment, (b) the dividends received, and (c) the fair value adjustment. /Credit occount titles are automatically indented when amount is entered, Do not indent marrually. If no entry as required, select. "Ho Entry" for the account titles and enter O for the amounts.)

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