Year 1 Jan. 2 Purchased 35,000 shares of Grecco Co. common stock for $441,000 cash. Grecco has 185,000 shares of common stock outstanding, and its activities will be significantly influenced by Kodax. Sept. 1 Grecco declared and paid a cash dividend of $1.80 per share. Dec. 31 Grecco announced that net incone for the year is $491,480. Year 2 June 1 Grecco declared and paid a cash dividend of $1.50 per share. Dec. 31 Grecco announced that net income for the year is $707,900. Dec. 31 Kodax sold 8,000 shares of Grecco for $170,000 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.) View transaction ist Journal entry worksheet 2 5 6 Purchased 35,000 shares of Grecco Co. common stock for $441,000 cash. Grecco has 105,000 shares of common stock outstanding, and its activities will be significantly influenced by Kodax Note: Enitor debits before credits: General Journal Debit Credit Date Jan 2, Yeat 1