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Problem: Module 3 Textbook Problem 18 Learning Objective: 3-15 Show how stock dividends and stock splits affect financial statements Beacon Corporation issued a 3 percent stock dividend on 27.500 shares of its $7 par common stock. At the time of the dividend, the market value of the stock was $21 per share Required a. Compute the amount of the stock dividend b. Show the effects of the stock dividend on the financial statements using a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). If an element was not affected by the event, leove the cell blank: Complete this question by entering your answers in the tabs below. Compute the amount of the stock dividend. Probiem Meikale a Tewhoek Problem tid Learning Otgeitive 3.15 Shew hew stock dividends and stock wilas affect financial watements maiket velue dot the dock was $71 per shate. Aequied a. Cempule the amount of the slock divelend Ey the rwert, leave the cel blank Coerpicte this guestina tiy emteing your answers in the tabs below