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

Year $1$

January $2$ Purchased $85,000$ shares of Grecco Company common stock for $$491,000$ cash. Grecco has $255,000$ shares of common stock outstanding, and its activities will be significantly influenced by Kodax.

September $1$ Grecco declared and paid a cash dividend of $$2\mathrm{.}10$ per share.

December $31$ Grecco announced that net income for the year is $$498,900.$

Year $2$

June $1$ Grecco declared and paid a cash dividend of $$2\mathrm{.}90$ per share.

December $31$ Grecco announced that net income for the year is $$720,400.$

December $31$ Kodax sold $14,000$ shares of Grecco for $$125,000$ cash.

Prepare journal entries to record the above transactions and events of Kodax Company.

Note: Do not round intermediate calculations and round your final answers to the nearest dollar $$mount$.$

Journal entry worksheet

$1$

$2$

$3$

$4$

$5$

$6$

Purchased $85,000$ shares of Grecco Company common stock for $$491,000$ cash. Grecco has $255,000$ shares of common stock outstanding, and its activities will be significantly influenced by Kodax.