On June 30, Sharper Corporations common stock is priced at $29.50 per share before any stock dividend or split, and the stockholders equity section of its balance sheet appears as follows.

Common stock$6 par value, 60,000 shares authorized, 24,000 shares issued and outstanding	$	144,000
Paid-in capital in excess of par value, common stock		100,000
Retained earnings		244,000
Total stockholders equity	$	488,000

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. 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.