Exercise 13-8 Small stock dividends LO P2 [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 55 par value, 150,000 shares authorized, 58,000 shares issued and outstanding Paid-in capital in excess of par valve, common stock Retained earnings Total stockholders' equity $ 290,000 424,000 548,000 $1,262,000 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. Exercise 13-8 Part 2 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 Retained earings Common stock Paid in capital in excess of par value, common stock Total stockholders oquity S 0