Beacon Corporation issued a 3 percent stock dividend on 28,000 shares of its $8 par common stock. At the time of the dividend, the market value of the stock was $28 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.

Show the effects of the stock dividend on the financial statements using a horizontal statements model. (In the Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Not all cells in the "Statement of Cash Flows" column may require an input - leave cells blank if there is no corresponding input needed.)

Complete this question by entering your answers in the tabs below. Required A Required B 9999999999999999999999! Compute the amount of the stock dividend. Stock dividend ! ! ! ! ! ! BEACON CORPORATION Horizontal Statements Model Balance Sheet Income Statement Assets = Liabilities Stockholders' Equity Revenue Expense Net Income Statement of Cash Flow Cash Common Stock PIC in Excess Retained Earnings