Probiem: Module $3$ Textbook Problem $18$Learning Objective: $3-15$ Show how stock dividends and stock splits affect financial statementsBeacon Corporation issued a $4$ percent stock dividend on $26,500$ shares of its $$8$ par common stock. At the time of the dividend, the market value of the stock was $$30$ per share.RequiredQ$.$ Compute the amount of the stock dividendb$.$ Show the effects of the stock dividend on the financial statements using a horizontal statements model. In the Cash Flow column, indicale whether the item is an operating activity $($OA$),$ investing activity $($IA$),$ or financing activity $($FA$).$ If an element was not affected by the event, leave the cell blank.Complete this question by entering your answers in the tabs below.$\backslash$table$[[$BEACON CORPORATION$],[,,,,,,,$Hori,contal Stater,nts Model,,t$,,,],[$Balance Sheet,Income Statement,$\backslash$table$[[$Statement of Cash$],[$Flow$]]],[$Assets$,=,$Liabilities,$+,$Stockhoiders' Equity,Revenue,$-,$Expense,$-,$Net income$],[$Cash$,-,,+,\backslash$table$[[$Common$],[$Stack$]],+,\backslash$table$[[$PiC in$],[$Excess$]],*,\backslash$table$[[$Retained$],[$Earnings$]],,-,,=,,],[,=,,+,,+,,+1,,,-,,=1,,]]$

 

Problem: Module 3 Textbook Problem 18 Learning Objective: 3-15 Show how stock dividends and stock splits affect financial statements Beacon Corporation issued a 4 percent stock dividend on 26,500 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. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA) If an element was not affected by the event, leave the cell blank Complete this question by entering your answers in the tabs below. Required A Required B Show the effects of the stock dividend on the financial statements using a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (04), investing activity (LA), or financing activity (FA). If an element was not affected by the event, leave the cell blank (Enter any decreases to account balances with a minus sign.) BEACON CORPORATION Horizontal Statements Model Balance Sheet Income Statement Assets Liabilities Stockholders Equity Revenue Expense -Net Income Statement of Cash Flow Cash Common Stock PIC in Excess Retained Earnings