Equitag Acquisition of Shares prensage 30% On June 1 Eastern Corporation acquired 75,000 shares of 250,000 share of Southern Corp for a price of $9,000,000. Southern reported net income on June 30 of $500,000 and paid dividends of $1.20 per share. Journalize the following using correct dates: a date of acquisition of the shares b. date of reporting Net Income c. date of Dividend Distribution