3) Glitter Services pays $700,000 for 100,000 shares to acquire 30% of voting stock of Grey Investments on January 5, 2018. Grey Investments declares and pays a cash dividend of $1.4 per share on June 14, 2018. Journalize the dividend payment made on June 14, 2018? 4) Jade Investments purchased 40% of the common stock of Ivory Corporation on March 1, 2018. Ivory Corporation reports a net income of $675,000 for the 2018 year. Journalize the entry to report the net income