Current Attempt in Progress Blossom Company owns 30% of Lauer Company. For the current year, Lauer reports net income of $260,000 and declares and pays a $52,000 cash dividend. Record Blossom's equity in Lauer's net income and the receipt of dividends from Lauer. (List all debit entries before credit entries. Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account tities and enter 0 for the amounts.) eTextbook and Media Attempts: 0 of 2 used