Sovod Required information [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 stock-$10 par value, 120,000 shares authorized, 62,000 shares issued and outstanding Pald-in capital in excess of par value, connon stock Retained earnings Total stockholders' equity $ 620,000 260,000 690,00 $1,570,000 Required: m) Prepare the updated stockholders' equity section after the distribution is made. Compute the number of shares outstanding after the distribution is made. Prepare the updated stockholders' equity section after the distribution is SHARPER CORPORATION Stockholders' Equity Section of the Balance Sheet June 30 Common stock-$10 par value $ Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 620,000 260,000 690,000 1,570,000 Common stock-$10 par value, 120,000 shares authorized, 62,000 shar issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Required: (1) Prepare the updated stockholders' equity section after the distribution is m (2) Compute the number of shares outstanding after the distribution is made. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the number of shares outstanding after the distribution is made. Number of common shares outstanding 186,000