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, 66,000 shares issued and outstanding	$ 660,000
Paid-in capital in excess of par value, common stock	280,000
Retained earnings	700,000
Total stockholders equity	$ 1,640,000

Prepare the updated stockholders' equity section after the distribution is made.

(2) Compute the number of shares outstanding after the distribution is made.

Prepare the updated stockholders' equity section after the distribution is made. Compute the number of shares outstanding after the distribution is made