Problem $15-5$B Accounting for long$-$term investments in stock with significant influence P$5$

Brinkley Company, which began operations in Year $1,$ had the following transactions and events in its long$-$term investments.

Year $1$

Jan. $5$ Brinkley purchased $20,000$ shares $(25\%$ of total$)$ of Bloch's common stock for $$200,500.$

Aug. $1$ Bloch declared and paid a cash dividend of $$1\mathrm{.}05$ per share.

Dec. $31$ Bloch's net income for the year is $$82,000,$ and the fair value of its stock is $$11\mathrm{.}90$ per share.

Year $2$

Aug. $1$ Bloch declared and paid a cash dividend of $$1\mathrm{.}35$ per share.

Dec. $31$ Bloch's net income for the year is $$78,000,$ and the fair value of its stock is $$13\mathrm{.}65$ per share.

Year $3$

Jan. $8$ Brinkley sold $5\%($equal to $1,000$ shares$)$ of its investment in Bloch for $$12,025$ cash.

Required

Prepare journal entries to record these transactions and events for Brinkley. Assume that Brinkley has a significant influence over Bloch with its $25\%$ share.