Common stock—$15 par value, 150,000 shares authorized, 58,000 shares issued and outstanding $ 1,160,000 Paid-in capital in excess of par value, common stock 429,000 Retained earnings 546,000 Total stockholders’ equity $ 2,135,000 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 $31 per share on February 5 before the stock dividend