my w Required information The following information applies to the questions displayed below! Homestead Ol Corp. was incorporated on January 1, 2019, and issued the following stock for cash 830.000 shares of ropa common stock were authorized: 160,000 shares were issued on January 2019, at $19.00 por share .240.000 shares of $90 por value. 750% cumulative, preferred stock were authorized: 52.000 shares were issued on January 2019, at 5540 per share Net income for the years ended December 31 2019 and 2020 was $1460,000 and $2,530.000, respectively No dividends were declared or paid during 2019. However on December 28, 2020, the board of directors of Homestead declared dividends of $1740.000 payable on February 12.2021 to holders of record as of January 2021 Required: 1. Use the horizontal model for the ance of common stock and preferred stock on January 1 2019. Indicate the financ statement effect inter decreases with a minus sign to indicate a negative financial statement effect) Me wered wered herred Com 2. Use the horizontal model for the declaration of dividends on December 28, 2020. Indicate the financial statement effect Enter decreases with a minus sign to indicate a negative financial statement effect) het come tant Stockholders' Equity Preferred Mock Net Income Dividend paytle Preferred to Preferred 2. Use the horitonal model for the payment of dividends on February 12. 2021. Indicate the financial statement effect. (Enter decreases with a mission to indicate a negative finan statement effect) ca Nation Espende Preferred stock referred to Income Statement Revenues Expenses tock Preferred stock oment Expenses Preferred stock