$($b$)$

Assuming Blossom Co$.\text{'}$s fiscal year$-$end is December $31,$ prepare the journal entry for December $31,2026.($Round answers to $0$

decimal places, e$.$g$.5,275.$ If no entry is required, select $"$No Entry" for the account titles and enter O for the amounts. Credit account titles

are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.$)$