Beacon Corporation issued a 5 percent stock dividend on 35,000 shares of its $8 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. Complete this question by entering your answers in the tabs below. Required A Required B Show the effects of the stock dividend on the financial statements using a horizontal statements model. Note: Enter amounts to be deducted and cash outflows with a minus sign. 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 require ingut. DEACON CORPORATION Horizontal Statements Model Balance Sheet Income Statement Assets Liabilities + Stockholders' Equity Cash Common Stock Paid in Capital in Revenue Expense Net income Statement of Cash Flow Excess Retained Earnings (52.500)