Exercise 11-15A (Algo) Accounting for stock dividends LO 11-7 Beacon Corporation issued a 6 percent stock dividend on 27,000 shares of its $8 par common stock. At the time of the dividend, the market value of the stock was $30 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 Answer is not complete. Show the effects of the stock dividend on the financial statements using a horizontal statements model. Note: Enter amounts to be deducted and cash outflows with a minus sign. 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 require input. Assets Cash = Liabilities + BEACON CORPORATION Horizontal Statements Model Income Statement Balance Sheet Stockholders' Equity Statement of Cash Paid In Net Flow Revenue Expense Common 4 Stock Capital in Excess Retained Eamings Income < Required A Required B