Pharoah Co$.$ acquired $25\%$ of the $530,000$ shares of outstanding common stock of Bloom Inc. on December $31,2025.$ The purchase price was $$3,657,000.$ Bloom declared and paid $$1\mathrm{.}30$ per share cash dividends on June $18,2026,$ and on November $29,2026.$ Bloom reported net income of $$1,260,000$ for $2026.$ The fair value of Bloom common stock was $$27$ per share at December $31,2026.$

$($a$)$

Prepare the journal entries for Pharoah Co$.$ for $2026,$ assuming that Pharoah cannot exercise significant influence over Bloom. $($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. List all debit entries before credit entries. Record journal entries in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

Credit