Listed below are a few events and transactions of Kodax Company 2017 Jan. 2 Purchased 23,000 shares of Grecco Co. common stock for $410,000 cash plus a broker's fee of $3,200 cash. Grecco has 92,000 shares of common stock outstanding, and its policies will be significantly influenced by Kodax. Sept. I Grecco declared and paid a cash dividend of $1.40 per share. Dec. 31 Grecco announced that net income for the year is $489,900. 2018 June 1 Grecco declared and paid a cash dividend of $2.30 per share. Dec. 31 Grecco announced that net income for the year 1o $705,400. Dec. 31 Kodax sold 9,000 shares of Grecco for $330,000 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 list Journal entry worksheet 2 3 4 5 6 Purchased 23,000 shares of Grecco Co. common stock for $410,000 cash plus a broker's fee of $3,200 cash. Grecco has 92,000 shares of common stock outstanding, and its policies will be significantly influenced by Kodex. Note: Enter debits before credits Debit Credit Date General Journal Jan 02, 2017 Long term investments-Grecco Cash Record entry Clear entry View general Journal