On January 1, Blossom Corporation purchased a 25% equity investment in Shane Corporation for $145,500. At December 31 , Shane declared and paid a $75,400 cash dividend and reported net income of $393,600. (a) Journalize the transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Determine the amount to be reported as an investment in Shane stock at December 31. Investment in Shane, December 31 $