Homestead Oil Corp. was incorporated on January 1, 2016, and issued the following stock for cash: 810,000 shares of no-par common stock were authorized: 140,000 shares were issued on January 1, 2016, at $18.00 per share. 220,000 shares of $90 par value, 9.50% cumulative, preferred stock were authorized, and 61,000 shares were issued on January 1, 2016, at $150 per share. Net income for the years ended December 31, 2016 and 2017, was $1, 460,000 and $2, 510,000, respectively. No dividends were declared or paid during 2016. However, on December 28, 2017, the board of directors of Homestead declared dividends of $1, 450,000, payable on February 12, 2018, to holders of record as of January 19, 2018. Required: Use the horizontal model for the issuance of common stock and preferred stock on January 1, 2016. (Use amounts with + for increases and amounts with-for decreases.) Use the horizontal model for the declaration of dividends on December 28. 2017. (Use amounts with + for increases and amounts with -for decreases.) Use the horizontal model for the payment of dividends on February 12, 2018. (Use amounts with + for increases and amounts with -for decreases.)