Beacon Corporation issued a 6 percent stock dividend on 24,000 shares of its $9 par common stock. At the time of the dividend, the market value of the stock was $27 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.

c. Prepare the journal entry to record the stock dividend. PLEASE ANSWER IN THE SAME FORMAT AS THE QUESTION, THANK YOU

Complete this question by entering your answers in the tabs below. Compute the amount of the stock dividend. minus sign.) 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.) Journal entry worksheet Note: Enter debits before credits