Listed below are a few events and transactions of Kodax Company. Year 1 Jan. 2 Purchased 75,000 shares of Grecco Co. common stock for $481,000 cash. Grecco has 300,000 shares of common stock outstanding, and its activities will be significantly influenced by Kodax. Sept. 1 Grecco declared and paid a cash dividend of $2.20 per share. Dec. 31 Grecco announced that net income for the year is $497,400. Year 2 June 1 Grecco declared and paid a cash dividend of $.70 per share. Dec. 31 Grecco announced that net income for the year is $717,900. Dec. 31 Kodax sold 13,000 shares of Grecco for $100,000 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.) Answer is not complete. General Journal No Credit Date Jan. 2, Year 1 Debit 481,000 1 Stock investments Cash 481,000 2 Sept. 1, Year 1 165,000 Cash Dividend revenue 165,000 3 Dec. 31, Year 1 120,250 Equity method investments Unrealized gain - Income 120,250 4 June 1, Year 2 > 52,500 Cash Dividend revenue 52,500 5 Dec 31, Year 2 179,475 Equity method investments Earnings from equity method investments 179,475 6 Dec. 31, Year 2 X 115,826 Equity method investments Gain on sale of stock investments 115,826 X