Question: Please help I cannot crack the wording it is NOT long term investment, or any form or debt investment. Type clearly and explain your answer,

 Please help I cannot crack the wording it is NOT long
term investment, or any form or debt investment. Type clearly and explain
Please help I cannot crack the wording it is NOT long term investment, or any form or debt investment. Type clearly and explain your answer, will give thumbs up.

A1 f. Accessibility tab summary: Transactions of Kodax Company are presented in rows 4 to 13 and cells ES to 16 and E1O to H12. A statement of requirement Listed below are a few events and transactions of Kodax Company. \begin{tabular}{ll|l|l|l|l|l|l|l|l|} Year1lanuary2 & Purchased 30,000 shares of Grecco Company common stock for $411,000 cash. Grecco has & Shares & Cividen & Net \\ purchased & paid & outstan & d per & income \\ \hline \end{tabular} 90,000 shares of common stock outstanding, and its activities will be significantly influenced by Kodax. 30,000$411,00090,000$1.50$486,900 September 1 Grecco declared and paid a cash dividend of $1.50 per share. December 31 Grecco announced that net income for the year is $486,900. Year 2 June 1 Grecco declared and paid a cash dividend of $2.10 per share. December 31 Grecco announced that net income for the year is $702,750. \begin{tabular}{|c|c|c|c|} \hline Dividendpershare & Netincome & sharessold & Cashreceive \\ \hline$2.10 & $702,750 & 3,000 & $71,000 \\ \hline \end{tabular} December 31 Kodax sold 3,000 shares of Grecco for $71,000 cash. Prepare journal entries to record the above transactions and events of Kodax Company. (Use cells AA to iis, as well as the "Chart of Accounts" tab for cell referencing and/or formulas needed to complete this question.)

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