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, 76,000 shares issued and outstanding	$ 760,000
Paid-in capital in excess of par value, common stock	330,000
Retained earnings	725,000
Total stockholders equity	$ 1,815,000

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.