Exercise 11-15A (Algo) Accounting for stock dividends LO 11-7 Beacon Corporation issued a 6 percent stock dividend on 32,500 shares of its $9 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. Complete this question by entering your answers in the tabs below. Required A Required B Compute the amount of the stock dividend. Stock dividend