During the course of your examination of the financial statements of Blossom Corporation for the year ended December 31, 2021, you found a new account, "Investments." Your examination revealed that during 2021, Blossom began a program of investments, and all investment-related transactions were entered in this account. Your analysis of this account for 2021 follows:

Blossom Corporation Analysis of Investments Account For the Year Ended December 31, 2021
Date2021					Debit		Credit
			(a)
			Wildhorse Company Common Stock
Feb.	14		Purchased 3,500 shares @ $44 per share.		$154,000
July	26		Received 350 shares of Wildhorse Company common stock as a stock dividend. (Memorandum entry in general ledger.)
Sept.	28		Sold the 350 shares of Wildhorse Company common stock received July 26 @ $48 per share.				$16,800
			(b)
			Kevin Inc., Common Stock
Apr.	30		Purchased 19,700 shares @ $42 per share.		$827,400
Oct.	28		Received dividend of $1 per share.				$19,700

Additional information: 1. The fair value for each security as of the 2021 date of each transaction follow:

Security		Feb. 14		Apr. 30		July 26		Sept. 28		Dec. 31
Wildhorse Company		$44				$52		$48		$54
Kevin Inc.				$42						35
Blossom Corp.		25		28		30		35		35

2. All of the investments of Blossom are nominal in respect to percentage of ownership (5% or less).

Questions:

a) Prepare any necessary correcting journal entries related to investments in Wildhorse Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

b) Prepare any necessary correcting journal entries related to investments in Kevin Inc.

c)Prepare the entry, if necessary, to record the proper valuation of the equity security portfolio as of December 31, 2021.

a)

Account Titles and Explanation	Debit	Credit
Correct entry:
Entry made:
Correction: