Beacon Corporation issued a 6 percent stock dividend on 22.500 shares of its $7 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 financlat statements using a horizontal statements modet. c. Prepare the joumal entry to record the stock dividend. Beacon Corporation issued a 6 percent stock dividend on 22.500 shares of its $7 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 financlat statements using a horizontal statements modet. c. Prepare the joumal entry to record the stock dividend