0 You skipped this question in the previous attempt Exercise 11-5 Stock dividends and splits LO P2 On June 30, 2017, Sharper Corporation's common stock is priced at $62 per share before any stoc stockholders' equity section of its balance sheet appears as follows. k dividend or split, and the n stock-$10 par valuo, 120,000 shares authorizod, 50, 000 shares issued and outstanding paid-in eapital in excess of par value, common . Retained earnings Total stockholders equity s 500,000 200,000 660,000 int $1, 360,000 rint 1. Assurne that the company declares and immediately distributes a 50% stock dividend. This event is recorded by retained earnings equai to the stock's par value. Answer these questions about stockholders equity as it exists after issuing the new shares. a.,b.& c. Complete the below table to calculate the retained earnings balance, total stockholders' equity and number of outstanding shares 2. Assume that the company implements a 3-for-2 stock split instead of the stock dividend in part 1. Answer these questions about stockholders' equity as it exists after issuing the new shares a.,b.& c. Complete the below table to calculate the retained eamings balance, total stockholders' equity and number of outsta shares. Complete this question by entering your answers in the tabs below Prev 2.of8EE Next >