11. The stockholders equity section of TVX Company on February 4 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	430,000
Retained earnings	548,000
Total stockholders equity	$ 1,568,000

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 $41 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.)

TVX COMPANY Stockholders' Equity Section of the Balance Sheet February 28 \begin{tabular}{|l|l|} \hline Common stock- $10 par value & \\ \hline Paid-in capital in excess of par value, common stock & \\ \hline Retained earnings & \\ \hline Total stockholders' equity & $ \\ \hline \end{tabular}