Blossom Inc. had the following transactions pertaining to investments in common stock. Jan. 1 Purchased 4,700 shares of Escalante Corporation common stock (59%) for $285,760 cash. July 1 Received a cash dividend of $5 per share. Dec. 1 Sold 940 shares of Escalante Corporation common stock for $60,160 cash. Dec. 31 Received a cash dividend of $5 per share.