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Required information Use the following information for the Exercises 89 below. (Algo) [The following information applies to the questions displayed below.] On June 30, Sharper

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Required information Use the following information for the Exercises 89 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 P2 Assume that instead of distributing a stock dividend, Sharper did a 3-for-1 stock split. (1) Prepore the updated stockholders' equity section after the split. (2) Compute the number of shares outstanding after the split

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