Use the following information for the Exercises $8-9$ below. $($Algo$)$

$[$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.

Exercise $11-8($Algo$)$ Large stock dividend LO P$2$

$(1)$ Prepare the updated stockholders' equity section after the distribution is made.

$(2)$ Compute the number of shares outstanding after the distribution is made.

Complete this question by entering your answers in the tabs below.

Prepare the updated stockholders' equity section after the distribution is made.

Required $2$

Compute the number of shares outstanding after the distribution is made.

Number of common shares outstanding

Exercise $11-9($Algo$)$ Stock split LO P$2$

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.

Complete this question by entering your answers in the tabs below.

Prepare the updated stockholders' equity section after the split.

SHARPER CORPORATION

Compute the number of shares outstanding after the split.