Jan.	2	Purchased 28,000 shares of Grecco Co. common stock for $426,000 cash plus a brokers fee of $4,800 cash. Grecco has 70,000 shares of common stock outstanding, and its policies will be significantly influenced by Kodax.
Sept.	1	Grecco declared and paid a cash dividend of $3.30 per share.
Dec.	31	Grecco announced that net income for the year is $513,900.