On June 30, Sharper Corporation's stockholders' equity section of its balance sheet appears as follows before any stock dividend or split. Sharper declares and immediately distributes a 50% stock dividend. Common stock-$10 par value, 78,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $780,000 340,000 730,000 $ 1,850,000 Prepare the updated stockholders' equity section after the distribution is made. SHARPER CORPORATION Stockholders' Equity Section of the Balance Sheet June 30 Common stock-$10 par value Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity. $ 780,000 340,000 730,000 $ 1,850,000 Required 1 Required 2 > Compute the number of shares outstanding after the distribution is made. Number of common shares outstanding 78,000 < Required 1 Required 2 > On June 30, Sharper Corporation's stockholders' equity section of its balance sheet appears as follows before any stock dividend or split. Sharper declares and immediately distributes a 50% stock dividend. Common stock-$10 par value, 78,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 780,000 340,000 730,000 $ 1,850,000 Prepare the updated stockholders' equity section after the split. SHARPER CORPORATION Stockholders' Equity Section of the Balance Sheet Common dividend payable June 30 Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity. 780,000 340,000 730,000 $ 1,850,000 Required 1 Required 2 > Required information y yu . Required 1 Required 2 Compute the number of shares outstanding after the split. Number of common shares outstanding 78,000 < Required 1 Required 2