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, 60,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earningo Total stockholders' equity $ 600,000 250,000 685,000 $1,535,000 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) Prepare the updated stockholders' equity section after the split (2) Compute the number of shares outstanding after the split. Required information 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 Sheet June 30 + Total stockholders' equity Required information 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. es Required 1 Required 2 Compute the number of shares outstanding after the splir Number of common shares outstanding