Listed below are a few events and transactions of Kodax Company Year 1 Jan. 2 Purchased 87,eee shares of Grecco Co. common stock for $536,000 cash. Grecco has 261,600 shares of common stock outstanding, and its activities will be significantly influenced by Kodax Sept. 1 Grecco declared and paid a cash dividend of $1.40 per share. Dec. 31 Grecco announced that net income for the year is $509,40e. Year 2 June 1 Grecco declared and paid a cash dividend of $3.00 per share. Dec. 31 Grecco announced that net income for the year is $737,900 Dec. 31 Kodax sold 12,000 shares of Grecco for $98,000 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.) View transaction lit Journal entry worksheet 1 5 6 Grecco announced that net income for the year is $737.900 Journal entry worksheet 2 1 3 4 5 6 Purchased 87,000 shares of Grecco Co. common stock for $536,000 cash. Grecco has 261,000 shares of common stock outstanding, and its activities will be significantly influenced by Kodax. Note: Enter debits before credits. Debit Credit Date General Journal Jan. 2. Year 1 Record entry Clear entry View general journal