Exercise 11-15A (Algo) Accounting for stock dividends LO 11-7 Beacon Corporation issued a 4 percent stock dividend on 31,000 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. Compuite the amount of the stock dividend, b. Show the effects of the stock dividend on the financlal statements using a horizontal statements model. Complete this question by entering your answers in the tabs below. 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 activity (IA), of financing octivity (FA). Not all cells require input. Complete this question by entering your answers in the tabs below. 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 activity (IA), or financing activity (FA). Not all cells require input