Listed below are a few events and transactions of Kodax Company. Year 1 January 2 Purchased 55,000 shares of Grecco Company common stock for 5461,000 cash. Grecco has 165,000 shares of conaon stock outstanding, and its activities will bo significantly influenced by Kodax. Septeoben 1 Grecco declared and paid a cash dividend of $2.00 per share. Decenber 31 Grecco announced that net income for the year is $494,400. Year 2 June 1 Grecco declared and paid a cash dividend of $1.10 per share. Decenber 31 Grecco announced that net incooe for the year is $712,960. Deceaber 31 Kodax sold 11 , eee shares of Grecco for $142, 0e0 cash. Prepare joumal entries to record the above transactions and events of Kodax Company. Note: Do not round intermediate caleulations and round your finol answers to the nearest dollar amount. Journal entry worksheet 23=46 Purchased 55,000 shares of Grecco Company common stock for $461,000 cash. Grecco has 165,000 shares of common stock outstanding, and its