[The following information applies to the questions displayed below.] On June 30, Sharper Corporations 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, 76,000 shares issued and outstanding $ 760,000

Paid-in capital in excess of par value

Common stock 330,000

Retained earnings 725,000

Total stockholders equity $ 1,815,000

Complete this question by entering your answers in the tabs below. Prepare the updated stockholders' equity section after the distribution is made. Complete this question by entering your answers in the tabs below. Compute the number of shares outstanding after the distribution is made