Beacon Corp. issued a 5% stock dividend on 30,000 shares of its $10 par common stock. At the time of the dividend, the market value pf the stock was $15 per share.

a). Compare the amount of the stock dividend

b). Show the effects of the stock dividend on the financial statements using a horizontal statements model like the following one.

Assets = Liab. + Com. Stk. + PIC in Excess + Ret. Earn. | Rev - Exp. = Net Inc. | Cash Flow