Year 1 Jan. 2 Purchased 4e,eee shares of Grecco Co. common stock for $431,000 cash. Grecco has 120,eee shares of common stock outstanding, and its activities will be significantly influenced by Kodax Sept. 1 Grecco declared and paid a cash dividend of $1.70 per share. Dec. 31 Grecco announced that net income for the year is $489,900. Year 2 June 1 Grecco declared and paid a cash dividend of $1.70 per share. Dec. 31 Grecco announced that net income for the year is $705, 480. Dec. 31 Kodax sold 9,880 shares of Grecco for $160,eee 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 list Journal entry worksheet 2 3 4 5 Purchased 40,000 shares of Grecco Co. common stock for $431,000 cash. Grecco has 120,000 shares of common stock outstanding, and its activities will be significantly influenced by Kodax Note: Enter debits before credits. Date General Journal Debit Credit Jan. 2. Year 1