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252735252Fims.mh O points) 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 880,000 shares of no par common stock were authorized, 150,000 shares were issued on January 1, 2019, at $18.00 per share, 210,000 shares of $110 par value. 9.00% cumulative, preferred stock were authorized 60,000 shares were issued on January 1, 2019, at $140 per share. Net Income for the years ended December 31, 2019 and 2020 was $1,450,000 and $2,460,000, respectively, No dividends were declared or paid during 2019. However, on December 28, 2020, the board of directors of Homestead declared dividends of $1,450,000 payable on February 12, 2021, to holders of record as of January 19, 2021 Required: 1. Use the horizontal model for the issuance of common stock and preferred stock on January 1, 2019. Indicate the financial statement effect (Enter decreases with a minus sign to indicate a negative financial statement effect.) Balance Sheet Liabilities Assets Stockholders' Equity Net Income het me como pred sock on my 1 2019 indicate the efecte decrets with min to indicate negative financial affect 2. the model for decawon of dividends on December 28 2020 in the ancient affect decreases with a minus sign to indicate a negative financial statement effect) Nico 3. Use the horror model for me payment of dividends on February 12 2021 nachte me financial statement effect (Enter decreases with a minus sign to indicate a negative financial statement effect Bulance Sheet Assets

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