! Required Information The following information applies to the questions displayed below) Homestead of Corp was incorporated on January 2019. and issued the following stock for cash 820.000 shares of no-par common stock were authorized. 160.000 shares were issued on January 1, 2019, at $19.00 per share - 270.000 shares of $100 par value, 750% cumulative preferred stock were authorized: 70.000 shares were issued on January 1, 2019, at $140 per share. - Net Income for the years ended December 31, 2019 and 2020 was $1.330,000 and $2.510,000, respectively - No dividends were declared or paid during 2019. However, on December 29, 2020, the board of directors of Homestead declared dividends of $1.890,000. payable on February 12. 2021, to holders of record as of January 19. 2021 b. Of the total amount of dividends declared during 2020. how much will be received by preferred shareholders? ed