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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

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$20 par value, 150,000 shares authorized, 57,000 shares issued and outstanding $ 1,140,000 Paid-in capital in excess of par value, common stock 429,000 Retained earnings 555,000 Total stockholders equity $ 2,124,000 On February 5, the directors declare a 2% stock dividend distributable on February 28 to the February 15 stockholders of record. The stocks 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.)

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