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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, 54,000 shares

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, 54,000 shares issued and outstanding

$

810,000

Paid-in capital in excess of par value, common stock

525,000

Retained earnings

675,000

Total stockholders equity

$

2,010,000

On February 5, the directors declare a 10% stock dividend distributable on February 28 to the February 15 stockholders of record. The stocks market value is $39 per share on February 5 before the stock dividend. The stocks market value is $35 per share on February 28.

Compute the total market value of the investors shares in part 2 as of February 5 and February 28.

February 5

February 28

Total market value of shares

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