Required: (1) Prepare the updated stockholders' equity section after the distribution is made. (2) Compute the number of shares outstanding after the distribution is made.

Assume that instead of distributing a stock dividend, Sharper did a 3-for-1 stock split. Required: (1) Prepare the updated stockholders' equity section after the split. (2) Compute the number of shares outstanding after the split. Please do all the required parts! Thank you and I will like it!

! 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, 120,000 shares authorized, 88,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained ear. 880,000 390,000 755,000 Total stockholders' equity $2,025,000 Required 1 Required 2 Prepare the updated stockholders' equity section after the distribution is made. SHARPER CORPORATION Stockholders' Equity Section of the Balance Sheet June 30 Total stockholders' equity 0 Required 1 Required 2 Compute the number of shares outstanding after the distribution is made. Number of common shares outstanding