Homestead Oil Corp. was incorporated on January 1, 2016, and issued the following stock for cash:

• 840,000 shares of no-par common stock were authorized; 150,000 shares were issued on January 1, 2016, at $19.00 per share.
• 280,000 shares of $90 par value, 9.00% cumulative, preferred stock were authorized, and 61,000 shares were issued on January 1, 2016, at $140 per share.
• Net income for the years ended December 31, 2016 and 2017, was $1,410,000 and $2,550,000, respectively.
• Nodividendsweredeclaredorpaidduring2016.However,onDecember28,2017,theboardofdirectorsofHomesteaddeclareddividendsof$1,430,000,payableonFebruary12,2018,toholdersofrecordasofJanuary19,2018.
• 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.)