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Required information (The following information applies to the questions displayed below) The stockholders' equity of TVX Company at the beginning of the day on February

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Required information (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-$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 425,000 Retained earnings 550,000 Total stockholders' equity $1,575,000 On February 5, the directors declare a 20% stock dividend distributable on February 28 to the February 15 stockholders record. The stock's market value is $40 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.) ILULUI JULIUILUL SUL VICIU. 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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