Exercise 13-6 P2 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. Large stock divi After the distribution is made, (1) prepare the updated stockholders' equity section and (2) compute the number of shares outstanding. Common stock-$10 par value, 50,000 shares issued and outstanding $ 500,000 200,000 Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity 660,000 $1,360,000