On January 1,2020 , Blossom Corporation purchased 30% of the common shares of Blue Company for $196,000. During the year, Blu earned net income of $73,000 and paid dividends of $18,250. Prepare the entries for Blossom to record the purchase and any additional entries related to this investment in Blue Company in 2020 required, select "No Entry" for the account titles and enter 0 for the amounts.)