$(3.$

Required information

$[$The following information opplies to the questions displayed below.$]$

On June $30.$ Sharper Corporation's stockholders' equity section of its balance sheet appears as follows before any stock dividend or split. Sharper declares and immediately distributes a $50\%$ stock dividend.

$\backslash$table$[[$Common stock$-$$$1$e par value, $74,000$ shares issued, and outstanding,$ $740,000],[$Paid$-$in capital in excess of par value, common stock,$320,000],[$Retained carnings,$720,000],[$Total stockholders' equity,$$1,780,000$