Required information Skip to question [The following information applies to the questions displayed below.] On January 1, 2022, Drennen, Incorporated, issued $4.1 million face amount of 8-year, 14% stated rate bonds when market interest rates were 12%. The bonds pay semiannual interest each June 30 and December 31 and mature on December 31, 2026. Table 6-4, Table 6-5 Note: Use appropriate factor from the table provided. b-1. Assume instead that the proceeds were $4,042,000. Use the horizontal model to record the payment of semiannual interest and the related discount amortization on June 30, 2022, assuming that the discount of $58,000 is amortized on a straight-line basis. Note: Enter decreases with a minus sign to indicate a negative financial statement effect. #Required information Skip to question [The following information applies to the questions displayed below.] Homestead Oil Corporation was incorporated on January 1, 2022, and issued the following stock for cash: 850,000 shares of no-par common stock were authorized; 160,000 shares were issued on January 1, 2022, at $18.00 per share. 280,000 shares of $110 par value, 9.50% cumulative, preferred stock were authorized; 54,000 shares were issued on January 1, 2022, at $130 per share. Net income for the years ended December 31, 2022 and 2023 was $1,240,000 and $2,670,000, respectively. No dividends were declared or paid during 2022. However, on December 27, 2023, the board of directors of Homestead declared dividends of $1,700,000, payable on February 11, 2024, to holders of record as of January 16, 2024. Prepare the journal entries to record each of the below transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. The issuance of common stock and preferred stock on January 1, 2022. The declaration of dividends on December 27, 2023. The payment of dividends on February 11, 2024