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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

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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: 140,000 shares were issued on January 1, 2019, at $18.00 per share. . 260,000 shares of $110 par value, 8.50% cumulative, preferred stock were authorized: 73.000 shares were issued on January 1, 2019, at $10 per share Net income for the years ended December 31, 2019 and 2020 was $370,000 and $2,510.000, respectively No dividends were declared or paid during 2019. However, on December 28, 2020, the board of directors of Homestead declared dividends of $1810,000, payable on February 12. 2021, to holders of record as of January 19 2021 the horizontal model for the issuance of common stock and preferred stock on January , 2019. Indicate the financial statement Enter decreases with a minus sign to indicate a negative financial statement effect) Balance Sheet Liabile Income Statement Stockholders' Equity Net Income

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