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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, 66,000 shares issued and outstanding	$ 660,000
Paid-in capital in excess of par value, common stock	280,000
Retained earnings	700,000
Total stockholders' equity	$ 1,640,000