Beacon Corporation issued a 4 percent stock dividend on 32.000 shares of its $9 par common stock At the time of the dividend, the market value of the stock was $30 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 (A), or financing activity (FA). Use NA to indicate that an element was not affected by the event (Amounts to be deducted should be indicated with a minus sign) Incon Statement Net Income Cash Flow Liabile Balance Sheet Stockhollens Equity Common Hetained Stock Earnings c. Prepare the journal entry to record the stock dividend. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transactions c. Prepare the journal entry to record the stock dividend. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list Journal entry worksheet Record the stock dividend. Note: Enter debits before credits Event General Journal Debit Credit 1 Record entry Clear entry View general journal