$!$

Required Information

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

$[$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.

Exercise $11-9($Algo$)$ Stock split LO P$2$

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.

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

Prepare the updated stockholders' equity section after the split.