Exercise 11-15A (Algo) Accounting for stock dividends LO 11-7 Beacon Corporation issued a 6 percent stock dividend on 28,500 shares of its $7 par common stock. At the time of the dividend, the market value of the stock was $24 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. Complete this question by entering your answers in the tabs below. Required A Required n Required C Compute the amount of the stock dividend. Block dividend