HulldSll assets 1 the slock in exchange for the land and building. 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. After the distribution is made, (1) prepare the updated stockholders' equity section and (2) compute the number of shares outstanding. Exercise 13-6 Large stock dividend 1 Common stock-$10 par value, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock .. Retained earnings....... Total stockholders' equity ............. $ 500,000 200,000 660,000 $1,360,000 Refer to the information in Exercise 13-6. Assume that instead of distributing a stock dividend. Sharper did a 3-for-1 stock split. After the split, (1) prepare the updated stockholders' equity section and (2) compute the number of shares outstanding. Hint: A 3-for-I split means that each old share is replaced with 3 new shares. The cteclado .. . Exercise 13-7 stock split P2