Chapter 11 Assignment Saved 3 1 points 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. 8 04:21:38 Common stock-$10 par value, 120,000 shares authorized, 74,800 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Book $ 740,000 320,000 720,000 $1,780,000 Hint Print Assume that instead of distributing a stock dividend, Sharper did a 3-for-1 stock split. Required: (1) Prepare the updated stockholders' equity section after the split. (2) Compute the number of shares outstanding after the split References 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