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, 90,000 shares issued and outstanding $ 900,000 paid-in capital in excess of par value, common stock 400,000 retained earnings 760,000 total stockholders’ equity $ 2,060,000 (1) prepare the updated stockholders' equity section after the distribution is made.(2) compute the number of shares outstanding after the distribution is made.

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u. s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.