answer fast please !!

50% $10 50,000 B C D E 1 2 On June 30, Sharper Corporation's stockholders' equity section of its balance sheet appears as follows before any stock 3 dividend or split. Sharper declares and immediately distributes a 50% stock dividend. 4 5 Common stock-$10 par value. 50,000 shares issued and outstanding $500,000 6 Paid-in capital in excess of par value, common stock 200,000 Stock dividend 7 Retained earnings 660,000 Par value 8 Total stockholders' equity $1,360,000 Number of common shares outstanding 9 10 Required: 11 (1) Prepare the updated stockholders' equity section after the distribution is made. 12 13 (Use cells A2 to EB, as well as the "Chart of Accounts" tab for cell referencing and/or formulas needed to complete this question) 14 15 SHARPER CORPORATION 16 Stockholders' Equity Section of the Balance Sheet 12 June 30 18 Common stock --10 par value, 50,000 shares issued and outstanding 19 Paid in capital in excess of par value, common stock 20 Retained earnings 21 Total stockholders' equity 22 23 (2) Compute the number of shares outstanding after the distribution is made 24 25 Use cells A2 to 8 from the given information to complete this question B C B 19 Paid-in capital in excess of par value, common stock 20 Retained earnings 21 Total stockholders' equity 22 23 (2) Compute the number of shares outstanding after the distribution is made. 24 25 (Use cells A2 to E8 from the given information to complete this question.) 26 27 Number of common shares outstanding 28 29 30 31 Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used 32 Nothing in this area will be graded, but it will be submitted with your assignment. 33 34