Question: Common stock $ 2 5 par value, 1 5 0 , 0 0 0 shares authorized, 6 3 , 0 0 0 shares issued and

Common stock$25 par value, 150,000 shares authorized, 63,000 shares issued and outstanding$ 1,575,000Paid-in capital in excess of par value, common stock429,000Retained earnings549,000Total stockholders equity$ 2,553,000
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 $31 per share on February 5 before the stock dividend.
2. Prepare the stockholders' equity section after the stock dividend is distributed. (Assume no other changes to equity.)

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