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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. Common stock-$10 par value, 120,000 shares authorized, 52,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 520,000 210,000 665,000 $1,395,000 Required: (1) Prepare the updated stockholders' equity section after the distribution is made (2) Compute the number of shares outstanding after the distribution is made. Required 1 Required 2 Prepare the updated stockholders' equity section after the distributio SHARPER CORPORATION Stockholders' Equity Section of the Balance Sheet June 30 Total stockholders' equity June 30 Building Cash Common stock-$10 par value Required 2 > Paid-in capital in excess of par value, common stock Paid-in capital in excess of par value, preferred stock Daid in ranital in Avrace of stated valtia common stock Stockholders' Equity Section of the Balance Sheet June 30 Paid-in capital in excess of par value, preferred stock Paid-in capital in excess of stated value, common stock Preferred stock Required 2 > Retained earnings Treasury stock Required 1 Required 2 Compute the number of shares outstanding after the distribution is made. Number of common shares outstanding Assume that instead of distributing a stock dividend, Sharper did a 3-for-1 stock split. Required: (1) Prepare the updated stockholders' equity section after the split. (2) Compute the number of shares outstanding after the split. Required 1 Required 2 Prepare the updated stockholders' equity section after the split. SHARPER CORPORATION Stockholders' Equity Section of the Balance Sheet June 30 Total stockholders' equity $ 0 zes Stockholders' Equity Section of the Balance Sheet June 30 Common stock Paid-in capital in excess of par value, common stock Paid-in capital in excess of par value, preferred stock Paid-in capital in excess of stated value, common stock Preferred stock Required 2 > ME Paid-in capital in excess of par value, preferred stock Paid-in capital in excess of stated value, common stock 0 Preferred stock Required 2 > Retained earnings Treasury stock Draw 2 12 B Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the number of shares outstanding after the split. Number of common shares outstanding