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One June 30,2013 the Sharper Corporation's common stock is priced at $62 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows:
Common Stock- $ par value, 120,000 shares authorized, 50,000 shares issued and oustandind.........$500,000
PIC in excess of par value, common stock.........................................................................................................200,000
Retained earnings...................................................................................................................................................660,000
Total Stockholders' equity..................................................................................................................................$1,360,000
2. Assume the comany implements a 3-2 stock split.
A. What is the retained earnings balance
B. What is the amount of total stockholders equity?
C. How many shares are outstanding?
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