4 Part 2 of 2 Required Information Use the following information for the Exercises below. [The following information applies 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. 2 points Common stock-510 par value, 120,000 shares authorized, 54,000 shares issued and outstanding Paid in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 540,000 220,00 670.00 51,430,000 Exercise 11-7 Stock split LO P2 Assume that instead of distributing a stock dividend, Sharper did a 3-for-1 stock opil Required: (1) Prepare the updated stockholders' equity section after the split (2) Compute the number of shares outstanding after the split Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the updated stockholders' equity section after the split. SHARPER CORPORATION Stockholders'Equity Section of the Balance Sheet June 30 Common stock $ 270,000 Padin capital in excess of par value.common stock 220.000 Retained earnings 400,000 Total stockholders equity 5 890.000 Required 2 > OOO 4 ! Part 2 of 2 Required Information Use the following information for the Exercises below. [The following information applies 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. 2 points Common stock 510 par value, 120, eee shares authorized, 54,400 shares issued and outstanding $540, eee Paid-in capital in excess of par value, common stock 220,000 Betained earnings 670,00 Total stockholders' equity 31,430,000 Exercise 11-7 Stock spilt LO P2 Assume that instead of distributing a stock dividend, Sharper od a 3-for-1 stock split. Required: ( Prepare the updated stockholders equity section after the spit. (2) Compute the number of shares outstanding after the spit. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required Required 2 Compute the number of shares outstanding after the split Number of common shares outstanding 27.000