Listed below are a few events and transactions of Kodax Company. Year 1 January 2 Purchased 95,000 ahares of Grecco Company comson stock for $501,000 cash. Grecco has 285,000 shares of conmon stock outatanding, and its activities will be significantly influenced by Kodax. September 1 Grecco declared and paid a cash dividend of $2.00 per share. December 31 Grecco announced that net income for the year in $500,400. Year 2 June 1 Grecce declared and paid a canh dividend of $2.00 per share. December 31 Grecco, announced that net income for the year is $722;900. Decomber 31 Kodax sold 10,000 eharos of Grecco for $126,500 cash. Prepare journal entries to record the above transactions and events of Kodax Company. (Do not round intermediate calculations and round your final answers to the nearest dollar amount.)