Wildhorse Inc. obtained significant influence over Blossom Corporation by buying 42% of Blossom 30,800 outstanding shares common stock at a total cost of $11 per share on January 1, 2022. On June 15 Blossom declared and paid a cash dividend of $35,000. On December 31 Blossom reported a net income of $123,000 for the year. Prepare all the necessary journal entries for 2022 for Wildhorse Inc. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Jan. 1 June 15 v Dec. 31 v Debit Credit