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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

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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, 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 es Prepare the updated stockholders' equity section after the distribution is made. SHARPER CORPORATION Stockholders' Equity Section of the Balance Sheet June 30 Total stockholders equity 0 Required 1 Required 2 Compute the number of shares outstanding after the distribution is made. Number of common shares outstanding

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