Check my work 4 Exercise 11-5 Stock dividends and splits LO P2 0.62 points On June 30, 2017, Sharper Corporation's common stock is priced at $25.00 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows. eBook Common stock-$6 par value, 60,000 shares authorized, 24,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 144,000 100,000 244,000 $ 488,000 Hint Print References 1. Assume that the company declares and immediately distributes a 100% stock dividend. This event is recorded by capitalizing retained earnings equal 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 2-for-1 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 earnings balance, total stockholders' equity and number of outstanding shares. Required 1 Required 2 Assume that the company declares and immediately distributes a 100% stock dividend. This retained earnings equal to the stock's par value. Answer these questions about stockholders the new shares. Complete the below table to calculate the retained earnings balance, total st outstanding shares. Before Stock Dividend Impact of Stock Dividend After Stock Dividend Stock Dividend $144,000 100,000 244,000 244,000 $488,000 144,000 $ 288,000 100,000 388,000 100,000 0$488,000 Common stock Paid in capital in excess of par value 144,000 otal contributed capital Retained earnings Total stockholders' equity (144,000) Number of common shares outstanding