I would suggest putting the text into paragraph form…especially if the print makes it easy to distinguish ‘paragraphs’ by using blank lines between them.  If it rhymed, I would say do it in poetry style…but this doesn’t seem to rhyme.  In order to avoid the use of an excess of blank lines, I would do the paragraphs 3-1 rather than blocked.  If the entire book is done this way, a transcriber’s note is not required noting this change.

Cindi