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.

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Required $2$

Prepare the updated stockholders' equity section after the split.