Homestead Oil Corp. was incorporated on January 1, 2013. and issued the following stock for cash 710.000 shares of no par common stock were authorized 150.000 shares were issued on January 1. 2013, at $18.00 per share. 250,000 shares of $110 par value. 9 50% cumulative, preferred stock were authorized, and 67.000 shares were issued on January 1. 2013. at $140 per share No dividends were declared or paid during 2013 However, on December 28. 2014. the board of directors of Homestead declared dividends of $1,690,000. payable on February 12. 2015. to holders of record as of January 19. 2015. Net income for the years ended December 31. 2013 and 2014. was $1,360,000 and $2,610,000, respectively Homestead Oil Corp. was incorporated on January 1, 2013. and issued the following stock for cash 710.000 shares of no par common stock were authorized 150.000 shares were issued on January 1. 2013, at $18.00 per share. 250,000 shares of $110 par value. 9 50% cumulative, preferred stock were authorized, and 67.000 shares were issued on January 1. 2013. at $140 per share No dividends were declared or paid during 2013 However, on December 28. 2014. the board of directors of Homestead declared dividends of $1,690,000. payable on February 12. 2015. to holders of record as of January 19. 2015. Net income for the years ended December 31. 2013 and 2014. was $1,360,000 and $2,610,000, respectively