Listed below are a few events and transactions of Kodax Company Year 1 January 2 Purchased 62,000 shares of Grecco Company common stock for $586,000 cash. Grecco has 186,000 shares of common 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. December 31 Grecco announced that net income for the year is $516,900. Year 2 June 1 Grecco declared and paid a cash dividend of $1.60 per share. December 31 Grecco announced that net income for the year is $750,400. 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. Note: Do not round Intermediate calculations and round your final answers to the nearest dollar amount. View transaction list 7 N N No 1 BE 2 3 4 5 6 View journal entry worksheet Date January 2, Year Stock investments 1 Cash September 1. Year 1 December 31, Year 1 June 1, Year 2 December 31, Year 2 December 31, Year 2 Dividend revenue Stock investments General Journal Stock investments Earnings from equity method investments Cash Equity method investments Equity method investments Earnings from equity method investments Cash Gain on sale of stock investments Equity method investments Debit 586,000 93,000 170,577 99,200 247,832 170,000 Credit 586,000 93,000 170,577 99,200 247.632

Listed below are a few events and transactions of Kodax Company. Year 1 January 2 Purchased 62 , eee shares of Grecco Company comnon stock for $586,000 cash. Grecco has 186 , eee shares of comnon stock outstanding, and its activities will be significantly influenced by Kodax. September 1 Grecco declared and paid a cash dividend of $1.59 per share. December 31 Grecco announced that net income for the year is $16,900. Year 2 June 1 Grecco declared and paid a cash dividend of $1.60 per share. Decenber 31 Grecco announced that net income for the year is $750,400. December 31 Kodax sold 12 , eee shares of Grecco for $170, eee cash. Prepare journal entries to record the above transactions and events of Kodax Company. Note: Do not round intermedlate calculations and round your final answers to the nearest dollor amount