Exercise 11-15A (Algo) Accounting for stock dividends LO 11-7 Beacon Corporation issued a 3 percent stock dividend on 36,000 shares of its $8 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. Complete this question by entering your answers in the tabs below. Required A Required B Compute the amount of the stock dividend. Stock dividend Beacon Corporation issued a 3 percent stock dividend on 36,000 shares of its $8 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. 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. (Enter amounts to be deducted and cash outflow Statement of Cash Flows column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Not all cells re BEACON CORPORATION Horizontal Statements Model Balance Sheet Income Statement Assets Statement of Cash Liabilities Stockholders' Equity Revenue Expense - Net Income Flow Common Cash PIC in Retained Stock Excess Earnings