On August 1, Blossom Company buys 1.000 shares of Estrada common stock for $30,500 cash On December 1. Blossom sells the stock investments for $33,500 in cash. Journalize the purchase and sale of the common stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No entry"for the account titles and enter for the amounts.) Account Titles and Explanation Debit Credit Date View Policies Current Attempt in Progress Sheridan Company owns 25% of Lauer Company. For the current year, Laver reports net income of $180,000 and declares and pays a $36,000 cash dividend Record Sheridan's equity in Lauer's net income and the receipt of dividends from Lauer. (Credit eccount 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 for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31 (To record equity in Lauer's net income) Dec 31