Exercise $13-10($Algo$)$ Small stock dividend LO P$2$

$[$The following information applies to the questions displayed below.$]$

The stockholders' equity section of TVX Company on February $4$ follows.

On February $5,$ the directors declare a $2\backslash \%$ stock dividend distributable on February $28$ to the February $15$ stockholders of record. The stock's market value is $\backslash (\backslash$$ $41\backslash )$ per share on February $5$ before the stock dividend.

Exercise $13-10($Algo$)$ Part $2$

$2.$ Prepare the stockholders' equity section after the stock dividend is distributed. $($Assume no other changes to equity.$)\backslash$begin$\{$tabular$\}\{|$c$|$c$|$c$|$c$|$c$|$c$|\}$

$\backslash$hline & Par Value per Preferred Share & Dividend Rate & $\backslash$begin$\{$tabular$\}\{$l$\}$

Dividend per $\backslash \backslash$

Preferred Share

$\backslash$end$\{$tabular$\}$ & $\backslash$begin$\{$tabular$\}\{$l$\}$

Number of $\backslash \backslash$

Preferred $\backslash \backslash$

Shares

$\backslash$end$\{$tabular$\}$ & Preferred Dividend $\backslash \backslash$

$\backslash$hline $\backslash$multirow$[$t$]\{2\}\{*\}\{$Annual Preferred Dividend:$\}$ & & & & & $\backslash \backslash$

$\backslash$hline & Total Cash Dividend Paid & Paid to Preferred & Paid to Common & Dividends in Arrears at year$-$end & $\backslash \backslash$

$\backslash$hline Year $1$ & $\backslash$$ $9,300$ & & & & $\backslash \backslash$

$\backslash$hline Year $2$ & $17,500$ & & & & $\backslash \backslash$

$\backslash$hline Year $3$ & $210,000$ & & & & $\backslash \backslash$

$\backslash$hline Year $4$ & $360,000$ & & & & $\backslash \backslash$

$\backslash$hline Total: & $\backslash$$ $596,800$ & $\backslash$$ $0$ & $\backslash$$ $0$ & & $\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$ York's outstanding stock consists of $65,000$ shares of cumulative $\backslash (6\mathrm{.}0\backslash \%\backslash )$ preferred stock with a $\backslash (\backslash$$ $5\backslash )$ par value and also $220,000$ shares of common stock with a $\backslash (\backslash$$ $1\backslash )$ par value. During its first four years of operation, the corporation declared and paid the following total cash dividends:

Note: Round your "Dividend per Preferred Share" answer to $\backslash (\backslash$mathbf$\{3\}\backslash )$ decimal places.