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IIF ANSWER IS CORRECT, I WILL LIKE. Thank you for your help! The stockholders' equity of TVX Company at the beginning of the day on

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image text in transcribedIIF ANSWER IS CORRECT, I WILL LIKE. Thank you for your help!

The stockholders' equity of TVX Company at the beginning of the day on February 5 follows. Common stock-$25 par value, 150,000 shares authorized, 64,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,600,000 423,000 545,000 $2,568,000 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 $31 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 Total stockholders' equity

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