Listed below are a few events and transactions of Kodax Cornpany. Year 1 lanuary 2 Purchased 30,000 shares of Grecco Company common stock for $411,000 cash. Grecco has by Kodax. September 1 Grecco declared and paid a cash dividend of $1.50 per share. December 31 Grecco announced that net incone for the year is $486,900. Year 2 lune 1 Grecco dedared and paid a cash dividend of $2.10 per share. December 31 Grecce announced that net income for the year is 5702,750. \begin{tabular}{|c|c|c|c|} \hline Dividendpershare & Netincome & Sharessold & Cashrecelved \\ \hline$2.10 & $702,750 & 3,000 & $71,000 \\ \hline \end{tabular} December 31 Kodax sold 3,000 shates of Grecco for $71,000 cash. Required: Prepare ioumal entries to record the above transactions and events of Kodax Compamy