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

2013
Jan.	2		Purchased 27,000 shares of Grecco Co. common stock for $427,000 cash plus a brokers fee of $4,900 cash. Grecco Co. has 100,000 shares of common stock outstanding and its policies will be significantly influenced by Kodax.
Sept.	1		Grecco declared and paid a cash dividend of $3.40 per share.
Dec.	31		Grecco announced that net income for the year is $515,400.

2014
June	1		Grecco declared and paid a cash dividend of $4.00 per share.
Dec.	31		Grecco announced that net income for the year is $747,900.
Dec.	31		Kodax sold 14,000 shares of Grecco for $415,000 cash.

Prepare journal entries to record the above transactions and events of Kodax Company. (If no entry is required for a particular transaction, select "No journal entry required" in the first account field. Do not round intermediate calculations and round your final answers to the nearest dollar amount.)