On December $31,2021,$ the end of its first year of operations, Blossom Associates owned the following securities that are held as

long$-$term investments.

On this date, the total fair value of the securities was equal to its cost. The securities are not held for influence or control over theDividend Revenue

Stock Investments

Gain on Sale of Stock Investments

Stock Investments

Gain on Sale of Stock Investments

Cash

Dividend Revenue

$$

$369$

Dividend Revenue

Cash

investees. In $2022,$ the following transactions occurred.

July $1$ Received $$2\mathrm{.}00$ per share semiannual cash dividend on D Co$.$ common stock.

Aug. $1$ Received $$0\mathrm{.}50$ per share cash dividend on C Co$.$ common stock.

Sept. $1$ Sold $930$ shares of D Co$.$ common stock for cash at $$9$ per share.

Oct. $1$ Sold $272$ shares of C Co$.$ common stock for cash at $$48$ per share.

Nov. $1$ Received $$1$ per share cash dividend on E Co$.$ common stock.

Dec. $15$ Received $$0\mathrm{.}50$ per share cash dividend on C Co$.$ common stock.

$31$ Received $$2\mathrm{.}10$ per share semiannual cash dividend on D Co$.$ common stock.

At December $31,$ the fair values per share of the common stocks were C Co$.$ $$42,$ D Co$.$ $$7\mathrm{.}40,$ and E Co$.$ $$24.$ These investments

should be classified as long$-$term.

$($a$)$ Journalize the Transactions $($SECOND PIC$).$ Post to the account Stock Investments. $($THIRD$)$

$($b$)$ Prepare the adjusting entry at December $31,2022,$ to show the securities at fair value. Blossom has less than a $20\%$

ownership interest in all these common stocks $($C Co$.,$ D Co$.,$ and E Co$.).($Credit account titles are automatically

indented when the 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.$)$Post to the account Stock Investments.