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.

Assume that instead of distributing a stock dividend, Sharper did a $3-$for$-1$ stock split.

Required:

$(1)$ Prepare the updated stockholders' equity section after the split.

$(2)$ Compute the number of shares outstanding after the split.

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Prepare the updated stockholders' equity section after the split.

SHARPER CORPORATION

Stockholders' Equity Section of the Balance Sheet

June $30$