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Accounting

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The stockholders equity section of TVX Company on February 4 follows.
Common stock$10 par value, 150,000 shares authorized, 60,000 shares issued and outstanding $ 600,000
Paid-in capital in excess of par value, common stock 426,000
Retained earnings 550,000
Total stockholders equity $ 1,576,000
On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stocks 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. (A
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