The stockholders' equity of TVX Company at the beginning of the day on February 5 follows.

Common stock-$15 par value, 150,000 shares authorized, 58,000 shares issued and outstanding $870,000

Paid in capital in excess of par value, common stock 424,000

Retained earnings 551,000

Total stockholders' equity $1,845,000

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 $41 per share on February 5 before the stock dividend.

1. Prepare the stockholders equity section after the stock dividend is distributed. (assume no other changes to equity)