Listed below are a few events and transactions of Kodax Company Year 1 Jan. 2 Purchased 77,000 shares of Grecco Co. common stock for $556,000 cash. Grecco has 308,000 shares of common stock outstanding, and its activities will be significantly influenced by Kodax. Sept. 1 Grecco declared and paid a cash dividend of $1.20 per share. Dec. 31 Grecco announced that net income for the year is $512,400. Year 2 June 1 Grecco declared and paid a cash dividend of $3.80 per share. Dec. 31 Grecco announced that net income for the year is $742,900. Dec. 31 Kodax sold 12,000 shares of Grecco for $191,000 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.)