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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 $11-8($Algo$)$ Large stock dividend LO P$2$

$(1)$ Prepare the updated stockholders' equity section after the distribution is made.

$(2)$ Compute the number of shares outstanding after the distribution is made.

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Prepare the updated stockholders' equity section after the distribution is made.