On June 30, Sharper Corporations 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, 62,000 shares issued and outstanding	$ 620,000
Paid-in capital in excess of par value, common stock	260,000
Retained earnings	690,000
Total stockholders equity	$ 1,570,000

Assume that instead of distributing a stock dividend, Sharper did a 3-for-1 stock split. (1) Prepare the updated stockholders' equity section after the split. (2) Compute the number of shares outstanding after the split.

SHARPER CORPORATION Stockholders' Equity Section of the Balance Sheet \begin{tabular}{|l|c|c|} \hline \multicolumn{2}{|c|}{ June 30} & \\ \hline Common stock- $10 par value & $9,300,000 \\ \hline Paid-in capital in excess of par value, common stock & & 260,000 \\ \hline Retained earnings & & 35,000 \\ \hline Total stockholders' equity & $9,595,000 \\ \hline \end{tabular} Compute the number of shares outstanding after the split