Help Save 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 Common stock $10 par value, 120,000 shares authorized, S0,000 share inoued and outatanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500,000 200,000 660,000 $1,360,000 Exercise 13-6 Large stock dividend LO P2 Required: (1) Prepare the updated stockholders' equity section after the distribution is made (2) Compute the number of shares outstanding after the distribution is made. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Ch13 6 Hei Respired information 1 of 2 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the updated stockholders' equity section after the distribution is made 02:14 23 SHARPER CORPORATION Stockholders' Equity Section of the Balance Sheet June 30 Book Hint Print 0 encher Total stockholders' equity Required 2 > Next SNAN KET Required information Requirea. (1) Prepare the updated stockholders' equity section after the distribution is made. (2) Compute the number of shares outstanding after the distribution is made. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the number of shares outstanding after the distribution is made. Number of common shares outstanding