Winter LO 1.2 Problems connect All applicable Problems are available in Connect. Common and preferred stock-issuances and dividends Homestead Oil Corp. Problem 8.23 was incorporated on January 1, 2019, and issued the following stock for cash: 800.000 shares of no-par common stock were authorized; 150,000 shares were issued on January 1, 2019, at $38 per share. 200,000 shares of $100 par value, 6.5% cumulative, preferred stock were authorized: 90,000 shares were issued on January 1, 2019, at $122 per share. Net income for the years ended December 31, 2019 and 2020 was $2,600,000 and $5,600,000, respectively. OCTOBER ett SOO'zb the 3-for- Problems Problem 8.23 LO 1,2 en connect All applicable Problems are available in Connect Common and preferred stock-issuances and dividends Homestead Oil Corp. was incorporated on January 1, 2019, and issued the following stock for cash: 800,000 shares of no-par common stock were authorized: 150,000 shares were issued on January 1, 2019, at $38 per share. 200,000 shares of $100 par value, 6,5% cumulative, preferred stock were authorized; 90,000 shares were issued on January 1, 2019, at $122 per share. Net income for the years ended December 31, 2019 and 2020 was $2,600,000 and $5,600,000, respectively. OCTOBER Winter LO 1.2 Problems connect All applicable Problems are available in Connect. Common and preferred stock-issuances and dividends Homestead Oil Corp. Problem 8.23 was incorporated on January 1, 2019, and issued the following stock for cash: 800.000 shares of no-par common stock were authorized; 150,000 shares were issued on January 1, 2019, at $38 per share. 200,000 shares of $100 par value, 6.5% cumulative, preferred stock were authorized: 90,000 shares were issued on January 1, 2019, at $122 per share. Net income for the years ended December 31, 2019 and 2020 was $2,600,000 and $5,600,000, respectively. OCTOBER ett SOO'zb the 3-for- Problems Problem 8.23 LO 1,2 en connect All applicable Problems are available in Connect Common and preferred stock-issuances and dividends Homestead Oil Corp. was incorporated on January 1, 2019, and issued the following stock for cash: 800,000 shares of no-par common stock were authorized: 150,000 shares were issued on January 1, 2019, at $38 per share. 200,000 shares of $100 par value, 6,5% cumulative, preferred stock were authorized; 90,000 shares were issued on January 1, 2019, at $122 per share. Net income for the years ended December 31, 2019 and 2020 was $2,600,000 and $5,600,000, respectively. OCTOBER