January 2 Purchased 62,000 shares of Grecco Company comnon stock for $586,900 cash, Grecco has 186,000 shares of conmon stock outstanding, and its activities will be significantly influenced by Kodax. September 1 Grecco declared and paid a cash dividend of $1.50 per share. Decenber 31 Grecco announced that net income for the year is $516,900. Year 2 June 1 Grecco declared and paid a cash dividend of 51.60 per share. December 31 Girecco announced that net Income for the year is 5750,400 . December 31 Kodax sold 12,000 shares of Grecco for $170,000 cash. Prepare journal entries to record the above transactions and events of Kodax Company (Do not round intermediate calculations ond round your final answers to the neorest dollor amount.)