Use the following information for the Exercises $8-9$ below. $($Algo$)$

$[$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.

Common stock$-$ $$10$ par value, $76,000$ shares issued and outstanding

$\backslash$table$[[$Paid$-$in capital in excess of par value, common stock,$$760,000$