Exercise 11-15A (Algo) Accounting for stock dividends LO 11-7 Beacon Corporation issued a 7 percent stock dividend on 31,500 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. Compute the amount of the stock dividend. Beacon Corporation issued a 7 percent stock dividend on 31,500 shares of its $8 par common stock. At the time of the dividend, the morket value of the stoek was 530 per share. Required: a. Compute the amount of the stock dividend. b. Show the effects of the stock dividend on the firnancial statements using a horizontal statements modek. Complete this question by entering your answers in the tabs below. Show the effects of the stock dividend on the financlal statements using a horitontal statements model. Note: Enter amounts to be deducted and cash outflows with a minus sogn. in the Statement of Cash Flows column, indicate wherther the item is an operaiting activity (OeA) activity (IA), or financing activity (FA). Not ali celis require input