2015 Jan. 2 Purchased 31,980 shares of Grecco Co. common stock for $413,000 cash plus a brokers fee of $3,500 cash. Grecco has 82,000 shares of common stock outstanding and its policies will be significantly influenced by Kodax. Sept. 1 Grecco declared and paid a cash dividend of $2.00 per share. Dec. 31 Grecco announced that net income for the year is $494,400. 2016 June 1 Grecco declared and paid a cash dividend of $2.60 per share. Dec. 31 Grecco announced that net income for the year is $712,900. Dec. 31 Kodax sold 11,000 shares of Grecco for $345,000 cash. Prepare journal entries to record the above transactions and events of Kodax Company.