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

Common stock$10 par value, 154,000 shares authorized, 66,000 shares issued and outstanding	$	660,000
Paid-in capital in excess of par value, common stock		425,000
Retained earnings		555,000
Total stockholders' equity	$	1,640,000

On February 5, the directors declare a 5% stock dividend distributable on February 28 to the February 15 stockholders of record. The stocks market value is $20 per share on February 5 before the stock dividend. The stocks market value is $16.70 per share on February 28.