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' equlty section of its balance sheet appears as follows before any stock dividend or split. Sharper declares and immediately distributes a 50% stock dividend. Common stock-$10 par value, 74,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders equity $ 740,000 320,000 720,000 $ 1,780,000 Exercise 13-9 (Algo) Stock split LO P2 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. Required 1 Required 2 Prepare the updated stockholders' equity section after the split. SHARPER CORPORATION Stockholders' Equity Section of the Balance Shoot June 30 Total stockholders' equity Required 2 > 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, Common stock-$10 par value, 74,000 shares innued and outstanding $ 740,000 Paid-in capital in excess of par value, conton stock 320,000 Retained earning 720,000 Total stockholders equity $1,780,000 Exercise 13-9 (Algo) Stock split LO P2 Assume that instead of distributing a stock dividend, Sharper did a 3-for stock spilt. (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. Required 1 Required 2 Compute the number of shares outstanding after the split. Number of common share outstanding