On June 30, 2015, Sharper Corporations common stock is priced at $25.00 per share before any stock dividend or split, and the stockholders equity section of its balance sheet appears as follows.

Common stock$4 par value, 85,000 shares authorized, 34,000 shares issued and outstanding

$

136,000

Paid-in capital in excess of par value, common stock

100,000

Retained earnings

236,000

Total stockholders equity

$

472,000

1.	Assume that the company declares and immediately distributes a 100% stock dividend. This event is recorded by capitalizing retained earnings equal to the stocks par value. Answer these questions about stockholders equity as it exists after issuing the new shares.

a.,b.& c.

Complete the below table to calculate the retained earnings balance, total stockholders equity and number of outstanding shares.

stock devidend	before stock devidend	impact of stock devidend	after stock devidend
common stock
paid in capital in excess of par value
total contribute capital
retained earning
total stockholders' equity
number of common shares outstading

2.	Assume that the company implements a 2-for-1 stock split instead of the stock dividend in part 1. Answer these questions about stockholders equity as it exists after issuing the new shares

a.,b.& c.

Complete the below table to calculate the retained earnings balance, total stockholders equity and number of outstanding shares.

stock spit	before stock spit	impact of stock spit	after stock split
common stock
paid in capital in excess of par value
total contribute capital
retained earning
total stockholders' equity
number of common share outstandings