Common stock$10 par value, 150,000 shares authorized, 62,000 shares issued and outstanding $ 620,000 Paid-in capital in excess of par value, common stock 426,000 Retained earnings 549,000 Total stockholders equity $ 1,595,000 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. 1. Prepare entries to record both the dividend declaration and its distribution