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Required Information

Use the following information for the Exercises $8-9$ below. $($Algo$)$

$[$The following information applles 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.

Exercise $11-8($Algo$)$ Large stock dividend LO P$2$

$(1)$ Prepare the updated stockholders' equity section after the distribution is made.

$(2)$ Compute the number of shares outstanding after the distribution is made.

Complete this question by entering your answers in the tabs below.

Prepare the updated

stockholders' equity section after the distribution is made.