Required information Use the following information for the Exercises below. [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, 120,000haren authorised, 66,000 shares issued and outstanding Paid In capital in excess of par value, connon stock Retained earnings Total stockholders' equity $660,000 280,000 700,000 $2,640,000 Exercise 13-7 Stock split LO P2 Assume that Instead of distributing a stock dividend, Sharper did a 3-for-1 stock split. Required: (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: 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 2 > Required Information Use the following information for the Exercises below. 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. Connon stoek-$10 par Value, 120,000 shares authorised, 6.000 shares towed and outstanding Pald.in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 60,000 200,000 700.000 01,600,000 Exercise 13-7 Stock split LO P2 Assume that instead of distributing a stock dividend, Sharper did a 3-for-1 stock split. Required: to prepare the updated stockholders' equity section after the split. (2) Compute the oumber of shares outstanding after the split Complete this question by entering your answers in the tabe below. Required: Required 2 Compute the number of shares outstanding after the split Number of common shares outstanding