all the same question; please show work to help explain!!

1 2 On June 30, Sharper Corporation's stockholders' equity section of its balance sheet appears as follows before any stock 3 dividend or split. Sharper declares and immediately distributes a 50% stock dividend. 4 5 Common stock-$10 par value, 50,000 shares issued and outstanding $500,000 6 Paid-in capital in excess of par value, common stock 200,000 Stock dividend % 7 Retained earnings 660,000 Par value 8 Total stockholders' equity $1,360,000 Number of common 9 10 Required: 11 (1) Prepare the updated stockholders' equity section after the distribution is made. 12 13 (Use cells A2 to E8, as well as the "Chart of Accounts" tab for cell referencing and/or formulas needed to complete this qu 14 15 SHARPER CORPORATION 16 Stockholders' Equity Section of the Balance Sheet 17 June 30 18 Common stock-$10 par value, 50,000 shares issued and outstanding $500,000 19 Paid-in capital in excess of par value, common stock 200,000 20 Retained earnings 21 Total stockholders' equity 22 0 DO 0 Stock dividend % Par value Number of common shares outstanding 50% $10 50,000 tab for cell referencing and/or formulas needed to complete this question.) 14 15 SHARPER CORPORATION 16 Stockholders' Equity Section of the Balance Sheet 17 June 30 18 Common stock-$10 par value, 50,000 shares issued and outstanding $500,000 19 Paid-in capital in excess of par value, common stock 200,000 20 Retained earnings 21 Total stockholders' equity 22 23 (2) Compute the number of shares outstanding after the distribution is made. 24 25 (Use cells A2 to E8 from the given information to complete this question.) 26 27 Number of common shares outstanding 28 29