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