Required Information The following information applies to the questions displayed below.) Homestead Oil Corp. was incorporated on January 1 2019, 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, 2019, at $19.00 . 200,000 shares of $90 par value, 9.00% 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 $1,430,000 and $2,700,000, respectively No dividends were declared or paid during 2019. However, on December 28, 2020, the board of directors of Homestead declared dividends of $1,530,000, payable on February 12, 2021, to holders of record as of January 19, 2021 1 CE b. Of the total amount of dividends declared during 2020. how much will be received by preferred shareholders? Dividends received by Preferred shareholders MACBOON 20 11 50 A * # 3 $ 4 % 5 6 7 8 0 W E R T T Y U O A s D F. G H J K L