Hernandez Corporation issued an $8$ percent stock dividend on $43,200$ shares of its $$5$ par common stock. At the time of the dividend,

the market value of the stock was $$10$ per share.

Required:

Show the effects of the stock dividend on the financial statements using a horizontal statements model. In the Statement of Cash

Flows column, indicate whether the item is an operating activity $($OA$),$ investing activity $($IA$),$ or financing activity $($FA$).$

Note: In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing activity, and NC

for net change in cash. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require input $-$

leave cells blank if there is no corresponding input needed.