Compute the number of shares outstanding after the split

Common stock-$10 par value, 84,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 840,000 370,000 745,000 $ 1,955,000 Exercise 13-9 (Algo) Stock split LO P2 Assume that instead of distributing a stock dividend, Sharper did a 3-for-1 stock split. 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 Retained earnings S 280,000 Paid-in capital in excess of par value, common stock 370,000 Common stock-$3.33 par value 325,000 Total stockholders' equity $ 975,000