On June 30, Sharper Corporation's common stock is priced at $30.00 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows. Common stock-$10 par value, 80,000 shares authorized, 32,000 shares issued and outstanding $320,000 Paid-in capital in excess of par value, 100,000 common stock Retained earnings 420,000 Total stockholders' equity $840,000 1. Assume that the company declares and immediately distributes a 100% stock dividend. This event is recorded by capitalizing retained earnings equal to the 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. Complete this question by entering your answers in the tabs below. Required Required 1 2 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. Complete the below table to calculate the retained earnings balance, total stockholders' equity and number of outstanding shares. Show less Before Impact After Stock Dividend Stock Stock Stock Dividend Dividend Dividend Common stock Paid in capital in excess of par value Total contributed capital Retained earnings Total stockholders' equity Number of common shares outstanding On June 30, Sharper Corporation's common stock is priced at $30.00 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows. Common stock-$10 par value, 80,000 shares authorized, 32,000 shares issued and outstanding $320,000 Paid-in capital in excess of par value, common stock 100,000 Retained earnings 420,000 Total stockholders' equity $840,000 1. Assume that the company declares and immediately distributes a 100% stock dividend. This event is recorded by capitalizing retained earnings equal to the 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. Complete this question by entering your answers in the tabs below. Required Required 1 2 Assume that the company implements a 3-for-2 stock split instead of the stock dividend in required 1. Complete the below table to calculate the retained earnings balance, total stockholders' equity and number of outstanding shares. Show less Before Impact of After Stock Split Stock Stock Stock Split Split Split Common stock Paid in capital in excess of par value Total contributed capital Retained earnings Total stockholders' equity Number of common shares outstanding
