Required information Exercise 13-8 Small stock dividends LO P2 [The following information applies to the questions displayed below.] The stockholders’ equity of TVX Company at the beginning of the day on February 5 follows. Common stock—$10 par value, 150,000 shares authorized, 59,000 shares issued and outstanding $ 590,000 Paid-in capital in excess of par value, common stock 426,000 Retained earnings 551,000 Total stockholders’ equity $ 1,567,000 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 $36 per share on February 5 before the stock dividend. Exercise 13-8 Part 2 2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.)