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On June 30, Sharper Corporation's common stock is priced at $32.50 per share before any stock dividend or split, and the stockholders' equity section of

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On June 30, Sharper Corporation's common stock is priced at $32.50 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows Common stock-$8 par value, 75,000 shares authorized, 30,000 shares issued and -outstanding Paid-in capital in excess of par value, common stock Retained earnings S 240,000 100,000 348,000 s 680,000 Total stockholders' equity I. Assume that the company declares and immediately distributes a 100% stock dividend. This event is recorded by capitalizing retained earnings equal to the stock's par value. a., b. & c. Complete the below table to calculate the retained earnings balance, total stockholders' equity and number of outstanding shares 2. Assume that the company implements a 3-for-2 stock split instead of the stock dividend in part 1 a., b. & c. Complete the below table to calculate the retained earnings balance, total stockholders' equity and number of outstanding shares

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