Listed below are a few events and transactions of Kodax Company.

2017

Jan.2 Purchased 26,040 shares of Grecco Co. common stock for $411,000 cash plus a broker's fee of $3,300 cash. Grecco has 84,000 shares of common stock outstanding, and its policies will be significantly influenced by Kodax.Sept.1Grecco declared and paid a cash dividend of $1.80 per share.Dec.31Grecco announced that net income for the year is $491,400.

2018

June1 Grecco declared and paid a cash dividend of $2.40 per share.Dec.31Grecco announced that net income for the year is $707,900.Dec.31Kodax sold 8,000 shares of Grecco for $335,000 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.)

1. Purchased 26,040 shares of Grecco Co. common stock for $411,000 cash plus a broker's fee of $3,300 cash. Grecco has 84,000 shares of common stock outstanding, and its policies will be significantly influenced by Kodax.
2. Grecco declared and paid a cash dividend of $1.80 per share.
3. Grecco announced that net income for the year is $491,400.
4. Grecco declared and paid a cash dividend of $2.40 per share.
5. Grecco announced that net income for the year is $707,900.
6. Kodax sold 8,000 shares of Grecco for $335,000 cash.