ACT202: Chapter 13 Home Work Exercises Exercise 13-5: Large Stock Dividend and Stock Split: GIVEN: On June 30, 2017, Sharper Corporation's common stock is priced at $30.50 per share before any stock dividend or split, and the stockholders' equity section of its BS appears as follows: Common stock - $6 par value, 90,000 shares authorized, 36,000 shares issued and outstanding Paid-in capital in excess of par value, Common Stock Retained earnings Total Stockholders' Equity $ $ $ $ 216,000 100,000 316,000 632,000 Part 1: Complete the table below assuming the company declares and immediately distributes a 100% stock dividend. Before Dividends Adjustment A fter Dividend Stock Dividend Common Stock Paid-in Capital in excess of par value Total contributed capital Retained earnings Total stockholders' equity Number of common shares outstanding Part 2: Complete the table below assuming the company implements a 2-for-1 stock split instead of the 100% stock dividend in part 1 above. F Before Split. Adjustment Alter Split S Stock Split Common Stock Paid-in Capital in excess of par value Total contributed capital Retained earnings Total stockholders' equity Number of common shares outstanding