Required information Skip to question [The following information applies to the questions displayed below.] 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, 64,000 shares issued and outstanding $ 640,000 Paid-in capital in excess of par value, common stock 270,000 Retained earnings 695,000 Total stockholders equity $ 1,605,000 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