Assume that instead of distributing a stock dividend, Sharper did a 3-for-1 stock split. Prepare the updated stockholders' equity section after the split. Compute the number of shares outstanding after the split.

Required information [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