The stockholders equity of TVX Company at the beginning of the day on February 6 follows.

Common stock$20 par value, 150,000 shares authorized, 63,000 shares issued and outstanding	$	1,260,000
Paid-in capital in excess of par value, common stock		423,000
Retained earnings		553,000
Total stockholders equity	$	2,236,000

On February 6, the directors declare a 2% stock dividend distributable on February 28 to the February 16 stockholders of record. The stocks market value is $31 per share on February 6 before the stock dividend.

2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.)