The following information applies to the questions displayed below.$]$

The stockholders$$ equity section of TVX Company on February $4$ follows.

Common stock$$$$10$ par value, $150,000$ shares authorized, $59,000$ shares issued and outstanding $ $590,000$

Paid$-$in capital in excess of par value, common stock $420,000$

Retained earnings $550,000$

Total stockholders$$ equity $ $1,560,000$

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.$)$