$[$The following information applles 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 Immedlately distributes a $50\%$ stock dividend.

Common stock$-$$$10$ par value, $50,000$ shares issued and outstanding Paid$-$in capital in excess of par value, common stock

$$500,000$

$200,000$

$660,000$

Assume that instead of distributing a stock dividend, Sharper did a $3-$for$-1$ stock split.

$(1)$ Prepare the updated stockholders' equity sectlon 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 $1$

Prepare the updated stockholders' equity section after the split.

SHARPER CORPORATION

Stockholders' Equity Section of the Balance Sheet

June $30$