On June 30, 2013. Sharper Corporation's common stock is priced at $62 per share before any stock divi. dend or split, and the stockholders' equity section of its balance sheet appears as follows. Common stock par value, 120,000 shares authorized, 50,000 shares issued and outstanding 500,000 Paid-in capital in excess of par value, common stock 200,000 Retained earnings 660,000 Total stockholders' equity $1,360,000 1. Assume that the company declares and immediately a 50% stock dividend. This event is recorded by retained earnings equal to the stock's par value. Answer these questions about equity as it exists after issuing the new shares. a. What is the retained earnings balance? b. What is the amount of total stockholders' equity? 2. Assume many shares are outstanding? a 3-for-2 stock split instead of the stock dividend in part Answer that the company implements a. these questions about stockholders' equity as it exists after issuing the new shares. What is the retained earnings balance? b. What is the amount of total stockholders' equity? c. How many shares are outstanding? 3. Explain the difference, if any, to a stockholder from receiving new shares distributed large stock dividend versus a stock split. under a