Required information [The following information applies to the questions displayed below.] The stockholders' equity section of TVX Company on February 4 follows. Common stock-$15 par value, 150,000 shares authorized, 65,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 975,000 421,000 553,000 $ 1,949,000 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.) Answer is complete but not entirely correct. TVX COMPANY Stockholders' Equity Section of the Balance Sheet February 28 Common stock-$15 par value $ 1,170,000 Paid-in capital in excess of par value, common stock 629,000 Retained earnings 150,000 Total stockholders' equity $ 1,949,000