Required information Use the following information for the Exercises below. [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, 50,000 whares issued and outstanding Pard-in capital in excess of par value, common stock Retained earnings Total stockholders equity 500,000 200,000 660,000 61,360,000 Exercise 13-6 Large stock dividend LO P2 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. Exercise 13-6 Large stock dividend LO P2 1 of 2 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 012 Complete this question by entering your answers in the tabs below. ipped Book 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 Hint erences 56 of 17 Next