Listed below are a few events and transactions of Kodax Company

2015
Jan.	2		Purchased 24,000 shares of Grecco Co. common stock for $424,000 cash plus a brokers fee of $4,600 cash. Grecco has 80,000 shares of common stock outstanding and its policies will be significantly influenced by Kodax.
Sept.	1		Grecco declared and paid a cash dividend of $3.10 per share.
Dec.	31		Grecco announced that net income for the year is $510,900

2016
June	1		Grecco declared and paid a cash dividend of $3.70 per share.
Dec.	31		Grecco announced that net income for the year is $740,400.
Dec.	31		Kodax sold 13,000 shares of Grecco for $400,000 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.)