Required information [The following information applies 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 immediately distributes a 50% stock dividend. $ 520,000 Common stock-$10 par value, 52,000 shares issued and outstanding Paid-in capital in excess of par value, common stock 210,000 665,000 Retained earnings Total stockholders' equity $1,395,000 (1) Prepare the updated stockholders' equity section after the distribution is made. (2) Compute the number of shares outstanding after the distribution is made. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the number of shares outstanding after the distribution is made. Prepare the updated stockholders' equity section after the distribution is made. SHARPER CORPORATION Stockholders' Equity Section of the Balance Sheet June 30 Common stock-$10 par value $ 780,000 Paid-in capital in excess of par value, common stock 210,000 Retained earnings 405,000 Total stockholders' equity $ 1,395.000 entering your answers in the tabs below. Required 1 Required 2 Compute the number of shares outstanding after the distribution is made. Number of common shares outstanding