Question 7 of 11 -/15 View Policles Current Attempt in Progress Blossom Corporation made the following cash purchases of securities during 2020, which is the first year in which Blossom invested in securities 1 On January 15, purchased 10,600 shares of Sanchez Company's common stock at $33.50 per share plus commission $2,104 On April 1, purchased 5,300 shares of Vicario Cos common stock at $52 per share plus commission $3.567 On September 10, purchased 7,420 shares of WTA Co s preferred stock at $26.50 per share plus commission 55.202 2 3. On May 20, 2020, Blossom sold 4.028 shares of Sanchez Company's common stock at a market price of $35 per share less brokerage commissions, taxes, and tires of $4,081. The year-end fair values per share were Sanchez $30. Vicario $55, and WTA $28 In addition, the chief accountant of Blossom told you that the corporation plans to hold these securities for the long-term but may sell them in order to earn profits from appreciation in prices. The equity method of accounting is not appropriate for these stock purchases Prepare the journal entries to record the above three security purchases. (Round answers to decimal places, 6.5 2.500. Credit account 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.) No. Date Account Titles and Explanation Debit C (1) 357204 Jan 15, 2020 Debt investments Question 7 of 11 - / 15 No. Date Account Titles and Explanation Debit (1) Jan 15, 2020 Debt Investments 357204 Cash (2) Apr. 1.2020