Required information

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

$[$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.

$\backslash$table$[[$Common stock$-$ $$10$ par value, $50,000$ shares issued and,$],[$outstanding$,$$$500,000$

Un June su$,$ snarper Lorporation s stocknolders equity section or its Dalance sneet appears as tollows Derore any stock dividend or split. Sharper declares and immediately distributes a $50\%$ stock dividend.

$\backslash$table$[[\backslash$table$[[$Common stock$-$ $$10$ par value, $50,000$ shares issued and$],[$outstanding$],[$Paid$-$in capital in excess of par value, common stock$],[$Retained earnings$]],\backslash$table$[[$$$500,,00$