Question: Help. Only the one part is wrong. There is no such thing as putting just common stock on it. Let me know If you would

Help. Only the one part is wrong. There is no such thing as putting just common stock on it. Let me know If you would like to see the answer choices

Help. Only the one part is wrong. There is no
5 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, 84,060 shares issued and outstanding $ 840, 080 Paid-in capital in excess of par value, common stock 370,060 Retained earnings 745,000 Total stockholders equity $ 1,955,080 Assume that instead of distributing a stock dividend, Sharper did a 3-for-1 stock split (1) Prepare the updated stockholders' equity section after the split. (2) Compute the number of shares outstanding after the split. @ Answer Is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Navi 5 Assume that instead of distributing a stock dividend, Sharper did a 3-for-1 stock split. (1) Prepare the updated stockholders' equity section after the split. (2) Compute the number of shares outstanding after the split. 10 points Answer Is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare the updated stockholders' equity section after the split. SHARPER CORPORATION Stockholders' Equity Section of the Balance Sheet June 30 Common stock-$10 par value $ 840,000 Paid-in capital in excess of par value, common stock 370,000 Retained earnings 745,000 Total stockholders' equity $ 1,955,000 Required > >

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