Part 1 Matson, Inc. obtained significant influence over South Sails by buying45% (27,000 shares) of South Sails 60,000 outstanding shares of common stock at a cost of $12 per share on January 1. 2018. Journalize the transaction for Matson. Part 2 On April 15, South Sails declared and paid a total cash dividend of $50,000. Journalize the transaction (if any) for Matson. Part 3 On December 31, South Sails reported net income of $150,000 for the year. Journalize the transaction (if any) for Matson. HTML Editor B. T U AATE