outstanding, and its activities will be significantly influenced by Kodax.

September $1$ Grecco declared and paid a cash dividend of $$2\mathrm{.}00$ per share.

December $31$ Grecco announced that net income for the year is $$494,400.$

Year $2$

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

December $31$ Grecco announced that net income for the year is $$712,900.$

December $31$ Kodax sold $11,000$ shares of Grecco for $$142,000$ cash.

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

Note: Do not round Intermedlate calculatlons and round your final answers to the nearest dollar amount.

$\backslash$table$[[,$No$,$Date,General Journal,Debit,Credit$],[,1,\backslash$table$[[$January $2,$ Year$],[1]],,461,000,],[,,$Cash,,$461,000],[>,2,\backslash$table$[[$September $1,],[$Year $1]],$Cash,$110,000,],[,,,,110,000],[>,3,\backslash$table$[[$December $31,],[$Year $1]],,164,800,],[,,$Earnings from equity method investments,,$164,800],[>,,,,,],[4,$June $1,$ Year $2,$Cash,$60,500,],[,,,,60,500],[$@$,5,\backslash$table$[[$December $31,],[$Year $2]],$Earnings from equity method investments,,$],[>,,,,,],[6,\backslash$table$[[$December $31],[$Year $2]],$Cash,$142,000,],[,,$Gain on sale of stock investments,,$]]$