Exercise 11-14A Accounting for stock dividends LO 11-4 Beacon Corporation issued a 7 percent stock dividend on 34,500 shares of its $9 par common stock. At the time of the dividend, the market value of the stock was $21 per share Required a. Compute the amount of the stock dividend 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 (IA), 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.) Balance Sheet Income Statement AssetsLiabilities+ Stockholders' Equity Revenue- ExpenseNet Income Cash Flow Cash Retained Earnings Stock +PIC in Excess