Exercise 13-5 Stock dividends and splits LO P2 On June 30, 2015, Sharper Corporation's common stock is priced at $52 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows. Common stock $10 par value, 120,000 shares authorized, 50,000 500,000 shares issued and outstanding 200,000 Paid-in capital in excess of par value, common stock Retained earnings 600,000 Total stockholders equity $1,360,000