Required information (The following information applies to the questions displayed below.] points 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, 58,000 shares issued and outstanding $ 580,000 Paid-in capital in excess of par value, common stock 240,000 Retained earnings 680,000 Total stockholders' equity $1,500,000 Required: (1) Prepare the updated stockholders' equity section after the distribution is made. (2) Compute the number of shares outstanding after the distribution is made. Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the number of shares outstanding after the distribution is made. Number of common shares outstanding