Beacon Corporation issued a 6 percent stock dividend on 35,000 shares of its $9 par common stock. At the time of the dividend, the market value of the stock was $22 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. Compute the amount of the stock dividend. Stock dividend 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.) Show less BEACON CORPORATION Horizontal Statements Model Balance Sheet Income Statement Assets Liabilities Revenue Expense Net Income Statement of Cash Flow Cash Stockholders' Equity PIC in Retained Excess Earnings Common Stock + + + + +