Please can you answer this question with explanation

Question One - 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. (11 marks) Common stock-\$10 par value, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity Required: 1. Prepare entries to record both the dividend declaration and its distribution. 2. Prepare the updated stockholders' equity section after the distribution is made. 3. Compute the number of shares outstanding after the distribution is made