Listed below are a few events and transactions of Kodax company. January $2$ Purchased $30,000$ shares of Grecco company common stock for $$411,000$ cash. Grecco has $90,000$ shares of common stock outstanding, and its activities will be significantly influenced by kodax. September $1$ Grecco declared and paid a cash dividend of $$1\mathrm{.}50$ per share. December $31$ Grecco announced that net income for the year is $$486,900.$ Year $2$ June $1$ Grecco declared and paid a cash dividend of $$2\mathrm{.}10$ per share. December $31$ Grecco announced that net income for the year is $$702,750.$ December $31$ Kodax sold $3,000$ shares of Grecco for $$71,000$ cash