Exercise 11-15A (Algo) Accounting for stock dividends LO 11.7 Beacon Conporation issued a 3 gercent stock dividend on 24,500 shates of iss 58 par common stock. At the time of the bividend, the market value of the stock wos $28 per share. Required: a. Compine the armount of the stock dvidend, b. Show the effects of the stock dividend on the financial statements using a hovizontai stotements modeh, Complete this question by entering your answers in the tabs below. Show the effect et the vioch divisend on the financal statements uving a hertarka staterents model