Required information [The following information applies to the questions displayed below.] The following stockholders' equity information is for Lotus Company: LOTUS COMPANY October 1, 2020 Common stock-$10 par value, 150,000 shares authorized, 57,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 570,000 430,000 553,000 $1,553,000 On October 2, the directors declare a 14% stock dividend distributable on October 31 to the October 15 stockholders of record. The stock's market value is $46 per share on October 2 2. Prepare the stockholders' equity section of the balance sheet after the stock dividend is distributed. (Assume no other changes to equity.) LOTUS COMPANY Stockholders' Equity Section of the Balance Sheet October 31, 2020 Total stockholders' equity