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, 65,000 shares issued and outstanding	$	975,000
Paid-in capital in excess of par value, common stock		427,000
Retained earnings		550,000
Total stockholders equity	$	1,952,000

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 $36 per share on February 5 before the stock dividend