Exercise 15-14 (Algo) Accounting for equity method investments LO P5 Listed below are a few events and transactions of Kodax Company. Year 1 outstanding, and its activities will be significantly influenced by Kodax. September 1 Grecco declared and paid a cash dividend of $1,00 per share. Decenber 31 Grecco announced that not incone for the year is $515,460. Year 2 June 1 Grecco declared and paid a cash dividend of $1.58 per-share. December 31 Grecco announced that net incone for the year is $747,900. December 31. Kodax sotd 14,000 shares of Grecco for $180,000 cash. Prepare journal entries to record the above transactions and events of Kodax Company. Note: Do not round intermediate calculations and round your final answers to the nearest dollor amount