$!$

Required information

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.

Common stock$-$$$10$ par value, $150,000$ shares authorized, $57,000$ shares issued and outstanding

Paid$-$in capital in excess of par value, common stock

Retained earnings

Total stockholders' equity

$$57$

$[42],[,55],[$$$1,54]$

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

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

TVX COMPANY

Stockholders' Equity Section of the Balance Sheet

February $28$

Total stockholders' equity