Heidebrecht Design acquired 22% of the outstanding common stock of Blossom Company on January 1, 2022, by paying \$844,000 for the 42,200 shares. Blossom declared and paid $0.20 per share cash dividends on March 15, June 15, September 15 , and December 15 , 2022. Blossom reported net income of $381,500 for the year. At December 31, 2022, the market price of Blossom common stock was $26 per share. (a) Prepare the journal entries for Heidebrecht Design for 2022 assuming Heidebrecht Design cannot exercise significant influence over Blossom. (Use the cost method.) (Record joumal entries in the order presented in the problem. List all debit entries before credit entries, Credit account titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Prepare the journal entries for Heidebrecht Design for 2022, assuming Heidebrecht Design can exercise significant influence over Blossom. (Use the equity method) (Record joumal entries in the order presented in the problem. List all debit entries before credit entries Credit account titles are dutomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry' for the account titles and enter O for the amounts.) Indicate the balance sheet and income statement account balances at December 31,2022 , under each method of accounting