Required information [The following information applies to the questions displayed below] 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, 120,000 shares authorized, 82,000 shares Issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $820,000 360,000 740,000 $1,920,000 Assume that instead of distributing a stock dividend. Sharper did a 3-for-1 stock split. Required: (1) Prepare the updated stockholders' equity section after the split (2) Compute the number of shares outstanding after the split Answer is complete but not entirely correct. Return to question