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 $11-8($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

Required $2$:

"Number of common shares outstanding $\_\_\_\_\_($#$)\_\_\_\_"$