Listed below are a few events and transactions of Kodax Company. Year 1 January 2 Purchased 75,060 shares of Grecco Company common stock for $481,000 cash. Grecco has 300,000 shares of common stock outstanding, and its activities wi11 be significantly influenced by Kodax. Septeaber 1 cirecco declared and paid a cash dividend of $2.20 per share. Deceaber 31 Grecco announced that net incowe for the year is $497,460. Year 2 June 1 Grecco declared and paid a cash dividend of \$.70 per share. December 31 Grecco announced that net incone for the year is $717,900. Deceaber 31 Kodax sold .13,000 shares of Grecco for $100,000 cash. Prepare journal entries to record the above transactions and events of Kodax Company