Exercise $11-10($Algo$)$ Small stock dividend LO P$2$

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

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

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 $$31$ per share on February $5$ before the stock dividend.

Exercise $11-10($Algo$)$ Part $2$

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