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Exercise 11-5 Stock dividends and splits LO P2 On June 30. 2017. Sharper Corporation's common stock is pnced at $25.50 per share betore any stock dividend or split, and the stockholders equity section of its balance sheet appears as folows Common stock-$8 par value, 78,800 shares author ized, 28,880 shares issued and outstanding $224,000 Paid-in capital in excess of par value, common stock 180,000 Retained earnings 324, Total stockholders equity $648,000 1. Assume that the company declares and immediately distributes 100% stock dividend This event is recorded by capitalizing retained eamings equal to the stocks par value Answer these questions abour stockholders equity as in exists ather issuing the new shetes .h& . Complete the below table to calculate the retaned earnings balance. total stockholders' equity and number of outstanding shates 2. Assume that the company implements a 2-for-1 stock split vistead of the stock dvidend in pat 1 Answer these questions about stockholders' equity as It exists after issuing the new shares e.,b. Complete the below tatie to calculate the retained eernings balance, total stockholders eory and number of outstaedeg Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assure that the company dedares and immediately distributes a 100% stock dividend. This event is recorded by aritlay retained earnings equal to the stock's par value. Answer these questions about stockholders the new sharos. Complete the below outstanding shares. y as it exists after issuing table to calaulate the retained earnings balance, total stockholders' equity and number of impact ofAter Stock Dividend Before Stock Dividend Paid in capital in excess of par value Total contibuted capital Retained earnings Total stockholders' equity Required 1 Required 2 that the company implements a 2-for-1 stock split instead of the stock dividend in required 1. Answer these questions about stockholders equity as it exists after issuing the new shares. Complete the below table to calculate the- retained earnings balance, total stockholders' equity and number of outstanding shares Split Paid in capital in excess of par value Total contributed capital Retained earnings Total stockholders equity ences Number of common shares outstanding C Required 1