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The stockholders$$ equity of TVX Company at the beginning of the day on February $5$ follows.

Common stock$$$$10$ par value, $150,000$ shares

authorized, $59,000$ shares issued and outstanding $ $590,000$

Paid$-$in capital in excess of par value, common stock $422,000$

Retained earnings $547,000$

Total stockholders$$ equity $ $1,559,000$

On February $5,$ the directors declare a $2\%$ stock dividend distributable on February $28$ to the February $15$ stockholders of record. The stock$$s market value is $$36$ per share on February $5$ before the stock dividend.

$2.$ Prepare the stockholders' equity section after the stock dividend is distributed. $($Assume no other changes to equity.$)!$

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$[$The following information applies to the questions displayed below.$]$

The stockholders' equity of TVX Company at the beginning of the day on February $5$ follows.

Common stock$-$ $$10$ par value, $150,000$ shares

authorized, $59,000$ shares issued and outstanding

Paid$-$in capital in excess of par value, common stock

Retained earnings

Total stockholders' equity

On February $5,$ the directors declare a $2\%$ stock dividend distributable on February $28$ to the February $15$ stockholders of

record. The stock's market value is $$36$ per share on February $5$ before the stock dividend.

Prepare the stockholders' equity section after the stock dividend is distributed. $($Assume no other changes to equity.$)$