Find retained earnings balance and total stockholders equity

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Reference no: EM13256467

On June 30, 2008, Sharper Corporation's common stock is priced at $28.5 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows:


Commonstock-$8 par value, 70,000 shares authorized, 28,000 sharesissued and outstanding	$	224,000
Paid-in capital inexcess of par value, common stock		100,000
Retainedearnings		324,000
Total stockholders'equity	$	648,000

Assume that the company declares and immediately distributes a 100%stock dividend. This event is recorded by capitalizing retainedearnings equal to the stock's par value. Answer these questionsabout stockholders' equity as itexists after issuing the newshares

Find the retained earnings balance and the total stockholders equity? and also the shares outstanding.

Reference no: EM13256467

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